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 HIGHLIGHTS Turkey contemplates direct income support for households Atilla YeşiladaPosted on3 November, 2021 Turkish government is preparing to boost wages and cut some taxes to support lower-income households … Continue ReadingTurkey contemplates direct income support for households
Categories Economy HIGHLIGHTS ING analysis: Annual inflation nears 20% Atilla YeşiladaPosted on3 November, 2021 Monthly CPI in October was 2.39%, lower than the consensus at 2.76% (slightly higher than … Continue ReadingING analysis: Annual inflation nears 20%
Categories Business Company & Industry HIGHLIGHTS Energy shock promises a cold winter Atilla YeşiladaPosted on27 October, 2021 As the world wrestles with soaring energy prices just ahead of winter, Turkey is revving … Continue ReadingEnergy shock promises a cold winter
Categories Economy HYPED Central Bank of Turkey poised to up its inflation forecasts Atilla YeşiladaPosted on25 October, 2021 Turkey’s central bank could revise its forecast higher in its new inflation report, due to … Continue ReadingCentral Bank of Turkey poised to up its inflation forecasts
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 Economy General Erdogan battles to curb ‘exorbitant prices’ Cem CetingucPosted on21 October, 2021 President Tayyip Erdogan has wheeled a trolley around one of the new grocery stores he … Continue ReadingErdogan battles to curb ‘exorbitant prices’
Categories Economy Turkish Equities Quarterly Strategy Report: Adjusting to the Post Pandemic Environment Cem CetingucPosted on20 October, 2021 The World: The ongoing energy crunch causing various knock-on effects is triggering fears of stagflation. … Continue ReadingTurkish Equities Quarterly Strategy Report: Adjusting to the Post Pandemic Environment
Categories Economy Is there no respite in sight for the Turkish lira? Cem CetingucPosted on20 October, 2021 When I rented my first Istanbul apartment, in mid-2013, the Turkish economy was humming and … Continue ReadingIs there no respite in sight for the Turkish lira?
Categories Emerging Markets HYPED Markets IMF less optimistic about EM Atilla YeşiladaPosted on13 October, 2021 The global energy shock is rapidly mutating into inflation, adding to pressures created by supply … Continue ReadingIMF less optimistic about EM
Categories Economy General Economic absurdity of Erdogan Cem CetingucPosted on29 September, 2021 Turkish President Recep Erdogan’s pride in his country’s recent interest rate cut calls to mind the apocryphal story … Continue ReadingEconomic absurdity of Erdogan
Categories Business Economy EM Europe food retailers : Inflation driving a discounter market Cem CetingucPosted on29 September, 2021 Inflation takes-over higher base effect: Higher food Inflation is a key theme currently playing out … Continue ReadingEM Europe food retailers : Inflation driving a discounter market
Categories Economy CBRT’s latest rate cut increases risks on inflation Cem CetingucPosted on24 September, 2021 In a rather surprising move, the CBRT cut its 1-week repo rate 100bp to 18.00%. … Continue ReadingCBRT’s latest rate cut increases risks on inflation
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 Business Company & Industry Finance Turkish consumer: Coping with ever increasing inflation Cem CetingucPosted on13 September, 2021 Headline inflation topped 19% YoY in August, while PPI still hovers around 45%. Turkish consumer … Continue ReadingTurkish consumer: Coping with ever increasing inflation
Categories Emerging Markets HYPED Tellimer: If inflation persists which emerging markets are best prepared? Atilla YeşiladaPosted on8 September, 2021 Cover Chart: EM real rates ranking Emerging markets with higher real interest rates should … Continue ReadingTellimer: If inflation persists which emerging markets are best prepared?
Categories Economy HIGHLIGHTS Government’s priority for 2022-2024 likely to be “GDP growth” Atilla YeşiladaPosted on7 September, 2021 The new economy program for 2022-2024 has been unveiled The medium-term program for the … Continue ReadingGovernment’s priority for 2022-2024 likely to be “GDP growth”
Categories Economy HIGHLIGHTS Oversized revisions cast doubt on Turkish stats Atilla YeşiladaPosted on27 August, 2021 Turkey’s central bank has revised some of its data compilation methods and definitions, as a … Continue ReadingOversized revisions cast doubt on Turkish stats
Categories Economy HIGHLIGHTS Turkey expects GDP growth in 2021 to soar to 7%…or is it 8% Atilla YeşiladaPosted on22 August, 2021 After posting 1.8% GDP growth amidst the pandemic, officials are upping 2022 growth estimates, while … Continue ReadingTurkey expects GDP growth in 2021 to soar to 7%…or is it 8%
Categories Economy HIGHLIGHTS Turkish Economy: The Good, the Bad and the Ugly Atilla YeşiladaPosted on16 August, 2021 Turkish Economy: The Good, the Bad and the Ugly Turkish economy is staging … Continue ReadingTurkish Economy: The Good, the Bad and the Ugly
