Categories Economy HIGHLIGHTS CBRT: Decline in food prices driven by fresh fruits and vegetables Güldem AtabayPosted on4 September, 2024 The Central Bank of the Republic of Turkey (CBRT) released its “Monthly Price Developments” report … Continue ReadingCBRT: Decline in food prices driven by fresh fruits and vegetables
Categories Economy HIGHLIGHTS CBRT Deputy Governor Karahan: Fiscal policy will provide strong support to reduce inflation in the coming period Güldem AtabayPosted on4 September, 2024 Central Bank of Turkey (CBRT) Deputy Governor Hatice Karahan has indicated that the impacts of … Continue ReadingCBRT Deputy Governor Karahan: Fiscal policy will provide strong support to reduce inflation in the coming period
Categories Economy Güldem Atabay HIGHLIGHTS Güldem Atabay: Inflation- the good, bad, ugly Güldem AtabayPosted on3 September, 2024 The annual inflation rate has dropped from 62% to 52%, largely due to a significant … Continue ReadingGüldem Atabay: Inflation- the good, bad, ugly
Categories Economy HIGHLIGHTS GDP ANALYSIS: Slowdown in domestic demand is the 2Q story Atilla YeşiladaPosted on3 September, 2024 In 2Q24, the QoQ GDP growth rate slowed to 0.1%, while the YoY growth rate … Continue ReadingGDP ANALYSIS: Slowdown in domestic demand is the 2Q story
Categories Economy HIGHLIGHTS Turkish economy expands at a slower-than-expected pace Cem CetingucPosted on2 September, 2024 Türkiye’s economy expanded at a slower-than-expected pace in the second quarter, official data showed on … Continue ReadingTurkish economy expands at a slower-than-expected pace
Categories Economy HIGHLIGHTS Turkey’s foreign trade deficit decline in August Cem CetingucPosted on2 September, 2024 Türkiye’s foreign trade deficit continued to decline in August, narrowing 43.4 percent year-on-year to $4.93 billion last month, … Continue ReadingTurkey’s foreign trade deficit decline in August
Categories Finance HIGHLIGHTS Türkiye: Banking Sector Outlook, 2Q 2024 Cem CetingucPosted on2 September, 2024 The slowdown in credit growth started to become more pronounced towards the end of 2Q24 … Continue ReadingTürkiye: Banking Sector Outlook, 2Q 2024
Categories Economy HIGHLIGHTS Turkish economy battling stagflation Atilla YeşiladaPosted on2 September, 2024 Turkey’s 2Q2024 GDP will be announced in the first week of September, which will contain … Continue ReadingTurkish economy battling stagflation
Categories Economy HIGHLIGHTS Turkey’s new Medium Term Economic Program to be unveiled this week, what to expect? Atilla YeşiladaPosted on2 September, 2024 While work to update the Medium Term Program (MTP), which will be the most critical … Continue ReadingTurkey’s new Medium Term Economic Program to be unveiled this week, what to expect?
Categories HIGHLIGHTS Politics Pro-AKP think tank: Erdogan lost his teflon armor Atilla YeşiladaPosted on31 August, 2024 This is a shortened translation of journalist and Ankara correspondent (Ms.) Nuray Babacan, who is … Continue ReadingPro-AKP think tank: Erdogan lost his teflon armor
Categories Atilla Yeşilada HIGHLIGHTS Politics Atilla Yesilada video: Turkish economy minister Mehmet Simsek under pressure to resign Atilla YeşiladaPosted on31 August, 2024 Turkey’s 15 month old austerity program is in deep trouble with rising pressure from all … Continue ReadingAtilla Yesilada video: Turkish economy minister Mehmet Simsek under pressure to resign
Categories Finance HIGHLIGHTS Another step from the CBRT to support TL Güldem AtabayPosted on29 August, 2024 To support the monetary transmission mechanism, the Central Bank of the Republic of Türkiye introduces … Continue ReadingAnother step from the CBRT to support TL
Categories Atilla Yeşilada HIGHLIGHTS Markets COMMENTARY: TL assets hit by EM concerns, carry-unwind, dim earnings prospects Atilla YeşiladaPosted on29 August, 2024 Turkey’s 15 minutes under the stage lights appeared to over in August, as TL came … Continue ReadingCOMMENTARY: TL assets hit by EM concerns, carry-unwind, dim earnings prospects
Categories Economy HIGHLIGHTS Turkey is to cut its growth target for 2024 and 2025 Güldem AtabayPosted on29 August, 2024 Turkey is set to revise its economic growth forecasts downward for this year and next, … Continue ReadingTurkey is to cut its growth target for 2024 and 2025
Categories HIGHLIGHTS Politics Iraqi army shoots down Turkish drone in Kirkuk Güldem AtabayPosted on29 August, 2024 The Iraqi army announced that it shot down a Turkish UCAV over Kirkuk. “A Turkish … Continue ReadingIraqi army shoots down Turkish drone in Kirkuk
Categories Economy HIGHLIGHTS Turkey has four conditions for normalization with Syria Güldem AtabayPosted on29 August, 2024 Following Assad’s speech, Foreign Ministry sources outlined four conditions for Turkey-Syria relations to return to … Continue ReadingTurkey has four conditions for normalization with Syria
Categories Economy HIGHLIGHTS Services Producer Price Index (H-PPI) increased 4 percent over previous month Güldem AtabayPosted on29 August, 2024 Services Producer Price Index (H-PPI) increased by 61.77% yoy, increased by 4.00% mom. In July … Continue ReadingServices Producer Price Index (H-PPI) increased 4 percent over previous month
Categories Economy HIGHLIGHTS The decline in the Economic Confidence Index accelerated Güldem AtabayPosted on29 August, 2024 The economic confidence index decreased by 1.3 percent on a monthly basis in August to … Continue ReadingThe decline in the Economic Confidence Index accelerated
Categories Economy HIGHLIGHTS Inflation Expectations: Households not convinced of disinflation Güldem AtabayPosted on29 August, 2024 The August results of the Turkey Household Inflation Expectations Survey (TEBA) conducted by Koç University … Continue ReadingInflation Expectations: Households not convinced of disinflation
Categories Economy HIGHLIGHTS ANALYSIS: IMF issues its Article IV Report for Turkey: Chockfull of polite criticism Atilla YeşiladaPosted on28 August, 2024 IMF staff issued its customary review of Turkish economy and economic policy, which while praising … Continue ReadingANALYSIS: IMF issues its Article IV Report for Turkey: Chockfull of polite criticism
