Categories Business Economy HIGHLIGHTS September industrial production: A mild recovery amidst general pessimism Atilla YeşiladaPosted on12 November, 2024 Tukey’s IP rose on a MoM basis but remains at depressed levels not observed since … Continue ReadingSeptember industrial production: A mild recovery amidst general pessimism
Categories Economy Finance HIGHLIGHTS CBRT Inflation Report bolsters rate cut expectations Atilla YeşiladaPosted on9 November, 2024 CBRT made sizeable upward revisions to its inflation forecasts. The CBRT’s revised 3-year CPI inflation … Continue ReadingCBRT Inflation Report bolsters rate cut expectations
Categories Economy HIGHLIGHTS A rare piece of good news: Turkey’s current account deficit shrinks to 1% of GDP Atilla YeşiladaPosted on13 October, 2024 While Mehmet Simsek’s economic stabilization program is yet to achieve any significant progress in terms … Continue ReadingA rare piece of good news: Turkey’s current account deficit shrinks to 1% of GDP
Categories Economy HIGHLIGHTS Inflation outlook: So bad, rate cut expectations may be postponed, CBRT forced to hike its CPI projections Atilla YeşiladaPosted on3 October, 2024 September CPI inflation rate came in at 2.97% MoM, while the annual CPI inflation rate … Continue ReadingInflation outlook: So bad, rate cut expectations may be postponed, CBRT forced to hike its CPI projections
Categories Economy HIGHLIGHTS GDP ANALYSIS: Slowdown in domestic demand is the 2Q story Atilla YeşiladaPosted on3 September, 2024 In 2Q24, the QoQ GDP growth rate slowed to 0.1%, while the YoY growth rate … Continue ReadingGDP ANALYSIS: Slowdown in domestic demand is the 2Q story
Categories Economy HYPED ANAYSIS: July budget deficit is worse than meets the eye Atilla YeşiladaPosted on16 August, 2024 The central government budget posted a TL97bn deficit in July, while the 12-month rolling … Continue ReadingANAYSIS: July budget deficit is worse than meets the eye
Categories Economy HIGHLIGHTS ANALYSIS: CBRT likely to remain cautious after July’s CPI inflation print Atilla YeşiladaPosted on5 August, 2024 July CPI inflation rate came in at 3.23% MoM, while the annual CPI inflation rate … Continue ReadingANALYSIS: CBRT likely to remain cautious after July’s CPI inflation print
Categories Economy HYPED Inflation ANALYSIS: Relief comes from the currency; CPI inflation comes below expected in June Atilla YeşiladaPosted on3 July, 2024 CPI inflation was 1.64% in june, leading to a fall in YoY terms to 71.60% … Continue ReadingInflation ANALYSIS: Relief comes from the currency; CPI inflation comes below expected in June
Categories Economy HIGHLIGHTS ANALYSIS: GDP soars in 1Q2024, negative spill-over to inflation Atilla YeşiladaPosted on2 June, 2024 GDP growth in 1Q24 stood at 5.7% YoY and 2.4% QoQ. TurkStat revealed 1Q24 GDP … Continue ReadingANALYSIS: GDP soars in 1Q2024, negative spill-over to inflation
Categories Finance HIGHLIGHTS ANALYSIS: Central Bank keeps door open to further rate hikes Atilla YeşiladaPosted on24 May, 2024 The CBRT maintains policy rate at 50%. In its May MPC meeting, the CBRT kept … Continue ReadingANALYSIS: Central Bank keeps door open to further rate hikes
Categories Economy HIGHLIGHTS Fiscal outlook deteriorates despite the robustness in tax revenues Atilla YeşiladaPosted on16 May, 2024 The central government budget posted a TL178bn deficit in April, while the 12-month rolling deficit … Continue ReadingFiscal outlook deteriorates despite the robustness in tax revenues
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 ANALYSIS: Turkish inflation enters downtrend in November data Atilla YeşiladaPosted on5 December, 2023 CPI inflation was 3.28% in November, well below market expectations, yet leading to a rise … Continue ReadingANALYSIS: Turkish inflation enters downtrend in November data
Categories Economy HIGHLIGHTS ANALYSIS: GDP growth was 5.9% in 3Q despite a slowdown in sequential growth Atilla YeşiladaPosted on30 November, 2023 Anemic QoQ growth in 3Q GDP growth turned out to be 5.9% YoY in 3Q23, … Continue ReadingANALYSIS: GDP growth was 5.9% in 3Q despite a slowdown in sequential growth
Categories Finance HIGHLIGHTS ANALYSIS: CBRT hikes the policy rate by 500 bps to 40% Atilla YeşiladaPosted on23 November, 2023 The CBRT raised its policy rate by 500bps to 40%, exceeding market expectations of a … Continue ReadingANALYSIS: CBRT hikes the policy rate by 500 bps to 40%
Categories Economy HIGHLIGHTS ANALYSIS: October budget deficit tame, for the wrong reasons Atilla YeşiladaPosted on17 November, 2023 Gedik Invest chief economist Mr Serkan Gonencler shared his analysis of budget trends with PA … Continue ReadingANALYSIS: October budget deficit tame, for the wrong reasons
Categories Economy HIGHLIGHTS ANALYSIS: September current account in surplus, but what about the winter? Atilla YeşiladaPosted on14 November, 2023 There was a swift decline in 12-month rolling C/A deficit in September… In September, there … Continue ReadingANALYSIS: September current account in surplus, but what about the winter?
Categories Finance HIGHLIGHTS Gedik Investment: CBRT hikes the policy rate by 500 bps to 35% Atilla YeşiladaPosted on27 October, 2023 The CBRT increased the policy rate by 500 bps to 35% The CBRT, in … Continue ReadingGedik Investment: CBRT hikes the policy rate by 500 bps to 35%
Categories Business Economy HYPED Analysis: Medium Term Program – Government aims to bring down inflation without sacrificing growth Atilla YeşiladaPosted on7 September, 2023 The government aims to bring down inflation without sacrificing growth. The government released the new … Continue ReadingAnalysis: Medium Term Program – Government aims to bring down inflation without sacrificing growth
Categories Economy HIGHLIGHTS Current account deficits projected to decline in autumn Atilla YeşiladaPosted on14 August, 2023 Improvement in C/A balance in June… In June, there was a C/A surplus of USD674 … Continue ReadingCurrent account deficits projected to decline in autumn
