Categories Company & Industry Economy HIGHLIGHTS Annual inflation in Istanbul continues to rise: ITO Data Cem CetingucPosted on1 April, 2024 According to ITO data, retail prices in Istanbul increased by 3.93 percent and wholesale prices … Continue ReadingAnnual inflation in Istanbul continues to rise: ITO Data
Categories Economy HIGHLIGHTS HYPED Turks rush into the dollar, gold and stocks as inflation savages TL Cem CetingucPosted on25 March, 2024 Down a dimly lit alleyway tucked just inside Istanbul’s Grand Bazaar, a few dozen men … Continue ReadingTurks rush into the dollar, gold and stocks as inflation savages TL
Categories Economy General HIGHLIGHTS Fitch analyst states Turkish economic policy pivot ‘more durable’ Cem CetingucPosted on15 March, 202415 March, 2024 Fitch Ratings has “greater confidence” that Türkiye’s current economic policy pivot is “more durable,” a … Continue ReadingFitch analyst states Turkish economic policy pivot ‘more durable’
Categories Economy HIGHLIGHTS Persistent inflation in Turkey spurs calls for further interest rate hikes Cem CetingucPosted on13 March, 2024 As inflation is soaring in Türkiye, the central bank’s decision to halt monetary tightening is … Continue ReadingPersistent inflation in Turkey spurs calls for further interest rate hikes
Categories Economy HIGHLIGHTS JPMorgan reveals new forecast after inflation hike in Turkey Cem CetingucPosted on5 March, 2024 LONDON (Reuters) – Stronger-than-expected Turkish inflation data led JPMorgan on Monday to add another 500 … Continue ReadingJPMorgan reveals new forecast after inflation hike in Turkey
Categories Economy HIGHLIGHTS Markets Turkey seeks foreign investments for economic boost Cem CetingucPosted on4 March, 2024 Grappling with economic woes unseen in decades, Türkiye is seeking to shore up foreign investments … Continue ReadingTurkey seeks foreign investments for economic boost
Categories Economy HIGHLIGHTS Yılmaz: Turkish economic program working as planned Cem CetingucPosted on29 February, 2024 Vice President Cevdet Yılmaz met with international investors and fund managers in London on Tuesday, … Continue ReadingYılmaz: Turkish economic program working as planned
Categories Economy HIGHLIGHTS Eurozone economy remains stuck in stagnation Cem CetingucPosted on28 February, 2024 Economic sentiment fell again in February, from 95.8 to 95.4. The economy remains stuck in … Continue ReadingEurozone economy remains stuck in stagnation
Categories Economy HIGHLIGHTS Politics Erdoğan claims Turkish economy will rise in 2024 Cem CetingucPosted on28 February, 2024 The Turkish economy will start to rise in the next year as the current difficulties have already … Continue ReadingErdoğan claims Turkish economy will rise in 2024
Categories General Emerging markets growth speeds up in 2024 Cem CetingucPosted on15 February, 2024 A third consecutive monthly acceleration in global output growth was supported by faster emerging market … Continue ReadingEmerging markets growth speeds up in 2024
Categories Atilla Yeşilada Economy Finance HIGHLIGHTS Video Analysis: Turkish inflation is raging, Mehmet Simsek’s job is in jeopardy? Atilla YeşiladaPosted on14 February, 2024 CPI soared by 6.5% in January and 65% per annum. • As far as … Continue ReadingVideo Analysis: Turkish inflation is raging, Mehmet Simsek’s job is in jeopardy?
Categories Economy HIGHLIGHTS New Central Bank Governor pledges to continue tight monetary stance Cem CetingucPosted on8 February, 2024 New Central Bank Governor Fatih Karahan has said that the bank will maintain its tight monetary stance until … Continue ReadingNew Central Bank Governor pledges to continue tight monetary stance
Categories Economy HIGHLIGHTS ANALYSIS: Wage shock boosts inflation Atilla YeşiladaPosted on5 February, 2024 Wage shock transmitted quickly and harshly to final prices In January, consumer inflation was 6.7% … Continue ReadingANALYSIS: Wage shock boosts inflation
Categories Economy General HIGHLIGHTS IMF raises Turkey’s economic growth estimation Cem CetingucPosted on30 January, 202430 January, 2024 The International Monetary Fund (IMF) on Tuesday cited unexpected “resilience” in major advanced and emerging … Continue ReadingIMF raises Turkey’s economic growth estimation
Categories General HIGHLIGHTS COMMENT: It is official, Turkey’s perceived inflation is 96%. Turkstat says “this is normal”! Atilla YeşiladaPosted on26 January, 2024 In a written statement, the Turkish Statistical Institute (Turkstat), stated that “the news about the … Continue ReadingCOMMENT: It is official, Turkey’s perceived inflation is 96%. Turkstat says “this is normal”!
Categories Economy HIGHLIGHTS HSBC Turkey outlook: Where are we now? Where are we going? Atilla YeşiladaPosted on23 January, 2024 Summary Türkiye’s macro policies have become more conventional, opening up the way for gradual adjustment … Continue ReadingHSBC Turkey outlook: Where are we now? Where are we going?
Categories Business Economy HIGHLIGHTS Turkey hikes minimum wage, complicating the war against inflation Atilla YeşiladaPosted on28 December, 2023 Turkey’s monthly minimum wage will be 17,002 Turkish lira ($578.31) in 2024, Labour Minister Vedat … Continue ReadingTurkey hikes minimum wage, complicating the war against inflation
Categories Economy HIGHLIGHTS COLUMN: Current policy settings will not end inflation Atilla YeşiladaPosted on28 December, 2023 By mid-2023, the administration realized that the “non-orthodox” monetary policy in place for the preceding … Continue ReadingCOLUMN: Current policy settings will not end inflation
Categories Economy HIGHLIGHTS ANALYSIS: 2024 Macro Outlook for Turkey Atilla YeşiladaPosted on24 December, 2023 Slowing down growth in 2024 is the essential condition of achieving «sustainable» growth and «sustainable … Continue ReadingANALYSIS: 2024 Macro Outlook for Turkey
Categories Economy HIGHLIGHTS ING Turkey marco-outlook for 2024 Atilla YeşiladaPosted on8 December, 2023 Turkish GDP growth in 3Q turned out to be 5.9% year-on-year, better than market consensus, … Continue ReadingING Turkey marco-outlook for 2024
