Categories Economy General HIGHLIGHTS HYPED Turkey’s inflation at 61 percent in March Cem CetingucPosted on4 April, 2022 Yearly inflation in Turkey hit 61.14% in March, the country’s statistical authority said on Monday, … Continue ReadingTurkey’s inflation at 61 percent in March
Categories Economy HIGHLIGHTS Kenneth Rogoff has a dire warning for Turkey Atilla YeşiladaPosted on31 March, 20227 September, 2022 Turkey may be in danger of slumping into a deeper economic crisis than it experienced … Continue ReadingKenneth Rogoff has a dire warning for Turkey
Categories HIGHLIGHTS Turkey: Growing risks to the Outlook—ING Atilla YeşiladaPosted on28 March, 2022 Following the announcement of measures to support the lira last year, relative stability has returned … Continue ReadingTurkey: Growing risks to the Outlook—ING
Categories Economy HIGHLIGHTS Dr Murat Ucer: Turkish Inflation and the Five Stages of Grief Atilla YeşiladaPosted on16 March, 2022 One of the unwelcome consequences of the stronger than expected post-Covid recovery of the global … Continue ReadingDr Murat Ucer: Turkish Inflation and the Five Stages of Grief
Categories Economy HIGHLIGHTS Reuters: Fallout of Ukraine war exposes Turkey’s vulnerable economy Atilla YeşiladaPosted on11 March, 2022 Turkey is paying the price of Erdogan’s “heterodox” economic policies, concludes this article by Reuters. … Continue ReadingReuters: Fallout of Ukraine war exposes Turkey’s vulnerable economy
Categories Economy General HIGHLIGHTS Soaring cost of living due to high inflation torments citizens of Istanbul Cem CetingucPosted on6 March, 2022 In Istanbul, Turkey’s financial hub and largest city, a wide range of job opportunities and … Continue ReadingSoaring cost of living due to high inflation torments citizens of Istanbul
Categories Economy HIGHLIGHTS Prof Turalay Kenç: Turkey’s unorthodox monetary policy Atilla YeşiladaPosted on4 March, 2022 Economic history resoundingly shows that monetary stimulus alone to boost economic growth against the backdrop … Continue ReadingProf Turalay Kenç: Turkey’s unorthodox monetary policy
Categories Business General HIGHLIGHTS Workers across Turkey go on strike as inflation bites Atilla YeşiladaPosted on24 February, 2022 Soaring inflation in Turkey has propelled a wave of strikes unlike any the country has … Continue ReadingWorkers across Turkey go on strike as inflation bites
Categories Business General Victoria Craig/BBC: Can tourism ease the inflation pressure in Turkey? Atilla YeşiladaPosted on7 February, 2022 A mix of soaring inflation and a currency that’s lost nearly half its value has … Continue ReadingVictoria Craig/BBC: Can tourism ease the inflation pressure in Turkey?
Categories Economy HIGHLIGHTS Markets S&P Global: Turkey’s macroeconomic trajectory remains uncertain, CPI to catapult over 50% Atilla YeşiladaPosted on6 February, 2022 The Turkish lira continues to plummet, inflation in the country has skyrocketed to a 20-year … Continue ReadingS&P Global: Turkey’s macroeconomic trajectory remains uncertain, CPI to catapult over 50%
Categories Finance HIGHLIGHTS Markets Bloomberg: Turkey’s Real Rate at Minus 35% Deepens the Gloom for Lira Atilla YeşiladaPosted on3 February, 2022 Traders see a probability of almost 50% that the lira will surpass its record low … Continue ReadingBloomberg: Turkey’s Real Rate at Minus 35% Deepens the Gloom for Lira
Categories Economy HIGHLIGHTS Markets ‘Erdogan has his head in the sand,’ says analyst on Turkish economy Atilla YeşiladaPosted on2 February, 2022 President Recep Tayyip Erdogan is jeopardizing Turkey’s economy by pursuing an unorthodox economic policy in … Continue Reading‘Erdogan has his head in the sand,’ says analyst on Turkish economy
Categories General HIGHLIGHTS Xinhua: Turkey’s retirees suffer inflation pain despite pension hike Atilla YeşiladaPosted on31 January, 2022 With soaring inflation in Turkey that has hit all walks of life, the pain of … Continue ReadingXinhua: Turkey’s retirees suffer inflation pain despite pension hike
Categories Economy HIGHLIGHTS Recep Ercin: The Turkish economy’s 2021 fault lines will make 2022 a year of tough decisions Atilla YeşiladaPosted on28 January, 2022 The Turkish economy has suffered three major currency crises since a difficult turn was taken, … Continue ReadingRecep Ercin: The Turkish economy’s 2021 fault lines will make 2022 a year of tough decisions
Categories Economy HIGHLIGHTS CBRT Inflation Report, 2022/I: Estimates revised upward, but still seem optimistic Atilla YeşiladaPosted on27 January, 2022 The CBRT increased year-end inflation forecast from 11.8% (forecast range: 9.6-14%) to 23.2% (forecast range: … Continue ReadingCBRT Inflation Report, 2022/I: Estimates revised upward, but still seem optimistic
Categories Finance HIGHLIGHTS CBRT passes up on rate cut, but more are underway Atilla YeşiladaPosted on20 January, 2022 The Turkish Central Bank left its weekly repo rate unchanged 14%, in-line with expectations. This … Continue ReadingCBRT passes up on rate cut, but more are underway
Categories Economy HIGHLIGHTS Reuters poll: Turkey’s inflation seen dropping to about 27% by end of 2022 Atilla YeşiladaPosted on20 January, 2022 Already rampant inflation in Turkey will rise further in the coming months before declining to … Continue ReadingReuters poll: Turkey’s inflation seen dropping to about 27% by end of 2022
Categories Business Finance General HIGHLIGHTS Deutsche: Turkey: recent developments and what’s next Atilla YeşiladaPosted on19 January, 2022 In this report, we discuss recent developments regarding the FX-protected lira deposit scheme, provide an … Continue ReadingDeutsche: Turkey: recent developments and what’s next
Categories General HYPED CNBC.com: Erdogan blames Turkey’s currency woes on ‘foreign financial tools’ as central bank reserves fall Atilla YeşiladaPosted on13 January, 2022 Turkish President Recep Tayyip Erdogan has pledged to bring down his country’s soaring inflation, which … Continue ReadingCNBC.com: Erdogan blames Turkey’s currency woes on ‘foreign financial tools’ as central bank reserves fall
Categories Business HYPED Corporate deposits included under Turkish lira protection scheme Atilla YeşiladaPosted on11 January, 2022 Turkey has included corporate foreign currency and gold deposit accounts converted to Turkish lira in … Continue ReadingCorporate deposits included under Turkish lira protection scheme
