Categories Economy HIGHLIGHTS Macro Focus: Upside risks persist as inflation figures approach to record levels Cem CetingucPosted on4 December, 20214 December, 2021 Turkey’s CPI increased by 3.51% MoM in November driving YoY CPI from 19.89% to 21.31%. Accordingly, … Continue ReadingMacro Focus: Upside risks persist as inflation figures approach to record levels
Categories Economy HIGHLIGHTS The price of Turkish Lira’s collapse gets heavy Cem CetingucPosted on25 November, 202125 November, 2021 Istanbul’s sky is as gloomy as the mood in the households and on the streets … Continue ReadingThe price of Turkish Lira’s collapse gets heavy
Categories General Turkish band converts garbage into sound waves Cem CetingucPosted on22 November, 202122 November, 2021 Fungistanbul, a trio that began experimenting with a sound they call “Trash Oriental” in 2019, … Continue ReadingTurkish band converts garbage into sound waves
Categories Economy General Hefty increase in minimum wage is expected in Turkey Cem CetingucPosted on12 November, 202112 November, 2021 Gizem Öztok Altınsaç, Chief Economist of the Turkish Industrialists’ and Businessmen’s Association (TÜSİAD), said she … Continue ReadingHefty increase in minimum wage is expected in Turkey
Categories Economy Finance Macro Focus: High single or double digit level of economic growth probable in 3Q21 Cem CetingucPosted on12 November, 2021 In September, IP decreased by 1.5% MoM, but increased by 8.9% YoY. According to the consensus, … Continue ReadingMacro Focus: High single or double digit level of economic growth probable in 3Q21
Categories Economy General Rate cuts possess a risk to Turkey’s GDP growth Cem CetingucPosted on5 November, 20215 November, 2021 Turkey’s economy will grow by 9% this year, buoyed by a revival in exports and … Continue ReadingRate cuts possess a risk to Turkey’s GDP growth
Categories Economy General JPMorgan – Turkey: CPI was lower than expected but still very high by any standard in October Cem CetingucPosted on4 November, 20214 November, 2021 After months of upside surprises, inflation finally surprised to the down side in October. Despite … Continue ReadingJPMorgan – Turkey: CPI was lower than expected but still very high by any standard in October
Categories Economy Erdogan Unorthodox Views on Economy Rattle Turkish Markets Cem CetingucPosted on21 October, 2021 Turkey’s President Recep Tayyip Erdogan doesn’t like it when the country’s banks charge people relatively … Continue ReadingErdogan Unorthodox Views on Economy Rattle Turkish Markets
Categories Company & Industry Economy Global economy struggling with a growing energy crisis Cem CetingucPosted on16 October, 2021 Global economy struggling with a growing energy crisis. The mounting energy prices has become the hottest … Continue ReadingGlobal economy struggling with a growing energy crisis
Categories Company & Industry Economy Turkish industrial production increased by 13.8% annually Cem CetingucPosted on12 October, 2021 When the subsectors of the industry (based on 2015=100) were examined, mining and quarrying index … Continue ReadingTurkish industrial production increased by 13.8% annually
Categories Economy HIGHLIGHTS Price hikes accelerate in Turkey amid near 20 percent inflation Cem CetingucPosted on11 October, 202111 October, 2021 Annual inflation rose to 19.58 in September from 19.25 per cent in August, according to … Continue ReadingPrice hikes accelerate in Turkey amid near 20 percent inflation
Categories Economy General EBRD and GEF launch “Regional Circular Economy Initiative” to finance circular economy in Turkey Cem CetingucPosted on8 October, 2021 The European Bank for Reconstruction and Development (EBRD) launched a new programme called the “Regional … Continue ReadingEBRD and GEF launch “Regional Circular Economy Initiative” to finance circular economy in Turkey
Categories Company & Industry Economy Macro Snapshot: Manufacturing PMI, September 2021 Cem CetingucPosted on4 October, 2021 Manufacturing PMI was 52.5 (Prior: 54.1) in September and 53.5 in (2Q21: 50,3, 3Q21: 54,7). … Continue ReadingMacro Snapshot: Manufacturing PMI, September 2021
Categories Economy Finance Macro Snapshot: Turkey Consumer Confidence Index, September 2021 Cem CetingucPosted on23 September, 2021 In September, CCI decreased by 1.8% MoM to 79.7 (August: 78.2). According to 3-month average … Continue ReadingMacro Snapshot: Turkey Consumer Confidence Index, September 2021
Categories General Turkey’s economy bounces back with record 21.7% growth in Q2 Cem CetingucPosted on1 September, 2021 Turkey’s economy rebounded powerfully in the second quarter to grow at a record pace after … Continue ReadingTurkey’s economy bounces back with record 21.7% growth in Q2
Categories Business Company & Industry Economy Mevlut Çavuşoğlu on ASEAN Cem CetingucPosted on9 August, 20219 August, 2021 Asia, the cradle of some of the oldest civilizations, has again been gaining a pivotal … Continue ReadingMevlut Çavuşoğlu on ASEAN
Categories Economy General Macro Snapshot: Policy rate seems stable in July but could be decreased by 25-50bps in next 3 months, CBRT Survey indicates Cem CetingucPosted on10 July, 2021 MoM expectations were over the historical averages in the coming months (2003-2019 Median – Jul.: … Continue ReadingMacro Snapshot: Policy rate seems stable in July but could be decreased by 25-50bps in next 3 months, CBRT Survey indicates
Categories Economy Emerging Markets General Global economic recovery is strong but uneven Cem CetingucPosted on9 June, 2021 The global economy is expected to expand 5.6% in 2021, the fastest post-recession pace in … Continue ReadingGlobal economic recovery is strong but uneven
Categories Economy Markets China PPI signals higher global inflation Cem CetingucPosted on15 May, 2021 Enda Curran Higher prices for raw materials and supply bottlenecks are boosting producer prices, which … Continue ReadingChina PPI signals higher global inflation
Categories Business Economy Retail sales volume increased by 19.2 percent annually Cem CetingucPosted on11 May, 202111 May, 2021 Retail sales volume with constant prices (2015=100) increased by 19.2% in March 2021 compared with … Continue ReadingRetail sales volume increased by 19.2 percent annually
