Categories Finance General HIGHLIGHTS HYPED Goldman Sachs revises Turkey GDP growth forecast Cem CetingucPosted on2 September, 20222 September, 2022 Goldman Sachs said on Thursday it had raised its forecast for Turkey’s 2022 GDP growth … Continue ReadingGoldman Sachs revises Turkey GDP growth forecast
Categories Business Finance General HIGHLIGHTS HYPED US policy rate hikes make things harder for Turkish economy Cem CetingucPosted on4 August, 2022 The remaining hopes for the Turkish economy to get better sooner are vanishing fast after … Continue ReadingUS policy rate hikes make things harder for Turkish economy
Categories Economy Emerging Markets General HIGHLIGHTS Mustafa Sönmez: Turkey’s economy stands to suffer from euro’s downturn Cem CetingucPosted on4 August, 2022 The euro’s slide to parity with the dollar is producing fresh strains for Turkey’s foreign … Continue ReadingMustafa Sönmez: Turkey’s economy stands to suffer from euro’s downturn
Categories Economy Finance General HIGHLIGHTS Kubilay: As Turkey’s economic woes worsen, a new currency crisis is approaching Cem CetingucPosted on21 July, 2022 Turkey’s economic problems continue to go from bad to worse. Its foreign trade deficit has … Continue ReadingKubilay: As Turkey’s economic woes worsen, a new currency crisis is approaching
Categories General CBRT survey reveals Turkey’s year-end inflation is around 58 percent Cem CetingucPosted on23 May, 2022 Expectations for Turkish inflation through the end of this year have ticked higher, a closely … Continue ReadingCBRT survey reveals Turkey’s year-end inflation is around 58 percent
Categories Economy General HIGHLIGHTS Politics CBRT to meet this week for policy rate Cem CetingucPosted on23 May, 2022 Policymakers at Turkey’s Central Bank are set to meet later this week to decide on the key interest rate. … Continue ReadingCBRT to meet this week for policy rate
Categories Economy General HIGHLIGHTS CBRT foresees single digit inflation despite concerns Cem CetingucPosted on24 March, 2022 Although some concerns persist, Turkey’s central bank does not expect inertia in inflation and sees … Continue ReadingCBRT foresees single digit inflation despite concerns
Categories Economy Finance General HIGHLIGHTS Y.F. Macro Focus: CBRT’s advance dividend and reserve funds supported budget Cem CetingucPosted on15 March, 2022 In February, budget gave a surplus of TRY69.7bn (Feb.21: TRY-23.2bn, Jan.22: TRY+30bn). Despite, there was no … Continue ReadingY.F. Macro Focus: CBRT’s advance dividend and reserve funds supported budget
Categories General HIGHLIGHTS HYPED Politics Russian invasion will be highly costly for Turkey: CHP deputy Cem CetingucPosted on28 February, 202228 February, 2022 Russian President Vladimir Putin launched a special military operation for the Donbas region in eastern … Continue ReadingRussian invasion will be highly costly for Turkey: CHP deputy
Categories Economy Finance HIGHLIGHTS Turkish Lira: Doomed to devaluation? Cem CetingucPosted on2 February, 2022 For investors in Turkey, December 2021 will go down as the month of the white-knuckle … Continue ReadingTurkish Lira: Doomed to devaluation?
Categories Economy General HIGHLIGHTS Politics President Erdoğan: Taking necessary steps to protect our people from inflation Cem CetingucPosted on1 February, 2022 We are taking steps one by one which will protect our people from high inflation … Continue ReadingPresident Erdoğan: Taking necessary steps to protect our people from inflation
Categories Economy General HIGHLIGHTS Politics Are Turkey’s efforts to fix the economy working? Cem CetingucPosted on20 January, 2022 Turkey’s government and central bank have taken unconventional steps in recent weeks to prop up … Continue ReadingAre Turkey’s efforts to fix the economy working?
Categories Economy HIGHLIGHTS Politics Turkish lira holds firm after wild ride; World Bank cuts growth view Cem CetingucPosted on13 January, 2022 Turkey’s lira continued a stable trend on Wednesday, in sharp contrast to a volatile plunge … Continue ReadingTurkish lira holds firm after wild ride; World Bank cuts growth view
Categories Economy General HIGHLIGHTS Politics Erdogan persists on Economic Policy as Turkey’s Inflation Rises, Currency Crashes Cem CetingucPosted on13 January, 202213 January, 2022 Turkey’s economy had a difficult year, with its currency depreciating and inflation skyrocketing. Experts warn … Continue ReadingErdogan persists on Economic Policy as Turkey’s Inflation Rises, Currency Crashes
Categories Economy General HIGHLIGHTS Turkish economy 2022 outlook: What is the playbook for inflation? Cem CetingucPosted on29 December, 202130 December, 2021 2021 was a year with rising inflation and an economic slowdown. If the recovery in … Continue ReadingTurkish economy 2022 outlook: What is the playbook for inflation?
Categories Economy Finance HIGHLIGHTS Politics UPDATE (TL slump) CBRT cuts interest rates by 100 basis points Cem CetingucPosted on16 December, 202117 December, 2021 AP: Turkish lira dips to new low after another interest rate cut The Turkish lira hit … Continue ReadingUPDATE (TL slump) CBRT cuts interest rates by 100 basis points
Categories Economy General HIGHLIGHTS Turkish minimum wage increases 50 percent to TL4,250 Cem CetingucPosted on16 December, 202116 December, 2021 Turkey has increased minimum wage to 4,250 Turkish Liras, President Recep Tayyip Erdoğan announced on Dec. 16. urkey’s … Continue ReadingTurkish minimum wage increases 50 percent to TL4,250
Categories Economy General HIGHLIGHTS Markets Currency crisis hits hard in Turkey Cem CetingucPosted on9 December, 2021 Turkey’s deepening currency crisis could mark the definitive end of the country’s economic success story … Continue ReadingCurrency crisis hits hard in Turkey
Categories Business Economy HIGHLIGHTS Apparel exports boom while retailers fight for survival amid Turkey’s economic crisis Cem CetingucPosted on9 December, 2021 The country’s currency, the lira, has lost almost half its value against the dollar so … Continue ReadingApparel exports boom while retailers fight for survival amid Turkey’s economic crisis
Categories Economy General HIGHLIGHTS S&P Global Ratings: Risks drastically increase as Turkey uses borrowed lira reserves Cem CetingucPosted on3 December, 2021 Turkey risks damaging confidence in the lira further by using “borrowed” reserves to defend its … Continue ReadingS&P Global Ratings: Risks drastically increase as Turkey uses borrowed lira reserves
