Categories Economy HIGHLIGHTS Reuters Turkey poll: Turkey’s economy to grow 5.5% in 2021 amid tougher inflation battle Atilla YeşiladaPosted on10 July, 2021 Turkey’s economy will grow 5.5% annually this year, more than previously thought and close to … Continue ReadingReuters Turkey poll: Turkey’s economy to grow 5.5% in 2021 amid tougher inflation battle
Categories Economy HYPED Gedik Invest revises its 2021 GDP growth forecast to 4.5% from 3.5% Atilla YeşiladaPosted on31 May, 2021 1Q21 GDP growth at 7.0% slightly exceeds market expectations TurkStat announced that 1Q21 GDP … Continue ReadingGedik Invest revises its 2021 GDP growth forecast to 4.5% from 3.5%
Categories Economy HIGHLIGHTS Turkish GDP to return to form with 6.7% growth in Q1, 5.5% in 2021—Reuters poll Atilla YeşiladaPosted on31 May, 2021 Turkey’s economy should expand by 5.5% this year after 6.7% estimated growth in the first … Continue ReadingTurkish GDP to return to form with 6.7% growth in Q1, 5.5% in 2021—Reuters poll
Categories Economy HIGHLIGHTS Turkish economy laid low by Covid-19, Erdogan Atilla YeşiladaPosted on8 April, 2021 Turkish President Tayyip Erdogan set the stage for higher inflation and slower economic growth when … Continue ReadingTurkish economy laid low by Covid-19, Erdogan
Categories Economy Credit Suisse Commentary: Turkey—Pushing the limits Atilla YeşiladaPosted on30 June, 202030 June, 2020 Economic activity is now rebounding from its April low Turkey’s relatively well-functioning health infrastructure and … Continue ReadingCredit Suisse Commentary: Turkey—Pushing the limits
Categories Economy Politics Turkey: From Health Crisis to Political Turbulence Atilla YeşiladaPosted on10 June, 202012 June, 2020 Turkey is yet to get over its Covid-19 pandemic, with daily cases rising as quarantines … Continue ReadingTurkey: From Health Crisis to Political Turbulence
Categories Economy Is Bank Research: Data highlights for Turkish Economy Atilla YeşiladaPosted on6 June, 20209 June, 2020 Turkey’s first quarter growth announced at the end of May signaled that the economic impact … Continue ReadingIs Bank Research: Data highlights for Turkish Economy
Categories Economy Standard Chartered downgrades Turkey growth outlook Atilla YeşiladaPosted on5 June, 20205 June, 2020 Double-dip recession Turkey’s economy grew a robust 4.5% y/y in Q1 as it continued to … Continue ReadingStandard Chartered downgrades Turkey growth outlook
Categories Economy ANALYSIS: Main factor in price increases is the depreciation of the Turkish lira Atilla YeşiladaPosted on4 June, 20204 June, 2020 Turkish Statistical Institute released consumer (CPI) and domestic producer price (D-PPI) indices of May 2020. … Continue ReadingANALYSIS: Main factor in price increases is the depreciation of the Turkish lira
Categories Economy Bloomberg HT Consumer Confidence recovered in May Atilla YeşiladaPosted on2 June, 20202 June, 2020 May survey data from Turkey reveals a modest improvement in economic activity, as restrictions on … Continue ReadingBloomberg HT Consumer Confidence recovered in May
Categories Finance Central Bank increases swap borrowing, FX reserves drop further Atilla YeşiladaPosted on29 May, 202030 May, 2020 Cover chart: FX deposits in banks vs dollar/TL According to latest data, the FX reserves … Continue ReadingCentral Bank increases swap borrowing, FX reserves drop further
Categories Economy FT: Turkey looks to weather coronavirus crisis without IMF support Atilla YeşiladaPosted on27 May, 202029 May, 2020 Turkey’s battered finances have been shaken further by the coronavirus pandemic but President Recep Tayyip … Continue ReadingFT: Turkey looks to weather coronavirus crisis without IMF support
Categories Economy Stratfor: Why Turkey’s Ruling AKP Party’s Coronavirus Plan Could Be a Disaster Atilla YeşiladaPosted on26 May, 202029 May, 2020 Amid the escalating domestic and global fallout from the COVID-19 crisis, Turkish President Recep Tayyip … Continue ReadingStratfor: Why Turkey’s Ruling AKP Party’s Coronavirus Plan Could Be a Disaster
Categories Economy Is Turkey’s monetary easing over? Atilla YeşiladaPosted on25 May, 202029 May, 2020 Central Bank of Turkey delivered its ninth successive rate cut last week, reducing its key … Continue ReadingIs Turkey’s monetary easing over?
Categories Economy Turkish unemployment flat in February, but set to rise Editor P.A.Posted on11 May, 202021 May, 2020 Turkey’s official stats agency Turkstat reported on Monday that “the number of unemployed persons aged … Continue ReadingTurkish unemployment flat in February, but set to rise
Categories Economy Covid-19 takes its toll on public budget Editor P.A.Posted on4 May, 202021 May, 2020 The central government budget posted a TRY43.7bn deficit in March, compared to the TRY24.5bn deficit … Continue ReadingCovid-19 takes its toll on public budget
