Categories Economy HIGHLIGHTS Independent scholars say Turkey’s March inflation at Güldem AtabayPosted on5 April, 2021 The ENAGrup monthly inflation rate is estimated at 3.36% in March 2021. Certain factors played … Continue ReadingIndependent scholars say Turkey’s March inflation at
Categories Economy General HIGHLIGHTS Turkey’s March inflation at 16.2% Güldem AtabayPosted on5 April, 2021 Turkey’s annual inflation climbed above 16% in March for the first time since mid-2019, data … Continue ReadingTurkey’s March inflation at 16.2%
Categories General HIGHLIGHTS Erdogan’s opportunity to crack down on dissent: Admiral’s declaration Atilla YeşiladaPosted on5 April, 2021 A strongly worded statement from 103 retired admirals in Turkey about several government practices has … Continue ReadingErdogan’s opportunity to crack down on dissent: Admiral’s declaration
Categories Economy HIGHLIGHTS Turkey Stirs Fragile Five Fears Güldem AtabayPosted on4 April, 2021 The market meltdown following Turkey’s central-bank shakeup is reviving a longtime debate among the world’s … Continue ReadingTurkey Stirs Fragile Five Fears
Categories HIGHLIGHTS BREAKING: Erdogan summons Cabinet after declaration by retire military officers Atilla YeşiladaPosted on4 April, 2021 Turkish President Recep Tayyip Erdogan summoned his cabinet and top officials for an unscheduled meeting … Continue ReadingBREAKING: Erdogan summons Cabinet after declaration by retire military officers
Categories General HIGHLIGHTS Number of households receiving aid tops 6.5 million in Turkey Atilla YeşiladaPosted on3 April, 2021 Turkey’s Ministry of Family, Labor and Social Services has released its 2020 activity report, which … Continue ReadingNumber of households receiving aid tops 6.5 million in Turkey
Categories Emerging Markets HIGHLIGHTS Markets Reuters poll: EM FX sell-off likely by end-June Atilla YeşiladaPosted on3 April, 2021 Battered emerging market currencies will only pare some of their recent steep losses over the … Continue ReadingReuters poll: EM FX sell-off likely by end-June
Categories General HIGHLIGHTS What’s in a Name?: The fraught and funny world of Turkish nomenclature Atilla YeşiladaPosted on2 April, 2021 Hi my name is Atilla (the Hun) Green Island (I’m from Cyprus), the only son … Continue ReadingWhat’s in a Name?: The fraught and funny world of Turkish nomenclature
Categories Economy HIGHLIGHTS Turkey Central Bank Chief Flags Tight Policy, Continuity Güldem AtabayPosted on1 April, 2021 Turkey’s new central bank governor Sahap Kavcioglu delivered a message of continuity and discussed a … Continue ReadingTurkey Central Bank Chief Flags Tight Policy, Continuity
Categories Economy HIGHLIGHTS Markets BREAKING: TL soars on promises by Central Bank Governor Atilla YeşiladaPosted on1 April, 2021 Dollar/TL currently trading at 8.13, having gained %1.42 for the day. Business Recorder reports … Continue ReadingBREAKING: TL soars on promises by Central Bank Governor
Categories Economy HIGHLIGHTS BloombergHT Consumer Confidence Survey: March reflects strong drop Güldem AtabayPosted on1 April, 2021 Bloomberg HT Consumer Confidence Index decreased by 5.69 percent compared to the final index of … Continue ReadingBloombergHT Consumer Confidence Survey: March reflects strong drop
Categories Economy HIGHLIGHTS March PMI stronger; beware of the brewing inflation forces Güldem AtabayPosted on1 April, 2021 The latest PMI® survey data from Istanbul Chamber of Industry and IHS Markit showed the … Continue ReadingMarch PMI stronger; beware of the brewing inflation forces
Categories HIGHLIGHTS Markets Video Commentary: Turkey on the Verge of Currency Crisis Atilla YeşiladaPosted on31 March, 2021 Turkey on the verge of a currency crisis President Erdogan’s one-man, no-clue governance … Continue ReadingVideo Commentary: Turkey on the Verge of Currency Crisis
Categories Economy HIGHLIGHTS Truth will out: Reuters – Why an irked Erdogan fired Turkey’s central bank chief Güldem AtabayPosted on31 March, 2021 Politics drove Turkish President Tayyip Erdogan’s sacking of central bank chief Naci Agbal after just … Continue ReadingTruth will out: Reuters – Why an irked Erdogan fired Turkey’s central bank chief
Categories Economy HIGHLIGHTS Bloomberg Economics: Slower Growth, Higher Inflation, Weaker Lira Atilla YeşiladaPosted on31 March, 2021 After Goldman Sachs, Bloomberg Economics, too, revised its Turkey 2021 forecasts. Bloomberg expects higher inflation … Continue ReadingBloomberg Economics: Slower Growth, Higher Inflation, Weaker Lira
Categories Economy HIGHLIGHTS Turkey’s foreign trade deficit grows in February Güldem AtabayPosted on31 March, 2021 In February Turkey’s exports posted 9.6% yoy growth reaching USD 16.0bn as imports also grew … Continue ReadingTurkey’s foreign trade deficit grows in February
Categories Economy HIGHLIGHTS Turkey Economic Confidence Index rose to 98.9 in March Güldem AtabayPosted on31 March, 2021 Turkey’s Economic Confidence Index rose by 3.3% in March from 95.8 in February to 98.9 … Continue ReadingTurkey Economic Confidence Index rose to 98.9 in March
Categories Economy HIGHLIGHTS Turkey: Lira shock leads to lower GDP forecast Atilla YeşiladaPosted on31 March, 2021 The lira pared its seventh day of declines as Turkey’s new central bank governor Sahap … Continue ReadingTurkey: Lira shock leads to lower GDP forecast
Categories Economy HIGHLIGHTS Central Bank’s new Governor Kavcioglu promises positive real yield Güldem AtabayPosted on30 March, 2021 Turkey’s new Central Bank Governor Sahap Kavcioglu said current elevated levels of inflation require tight … Continue ReadingCentral Bank’s new Governor Kavcioglu promises positive real yield
Categories Economy HIGHLIGHTS Another midnight presidential decree, another round of TL weakness Güldem AtabayPosted on30 March, 2021 Turkey’s President Erdoğan sacked the Central Bank Deputy Governor Murat Cetinkaya in a midnight presidential decree … Continue ReadingAnother midnight presidential decree, another round of TL weakness
