Categories Economy HIGHLIGHTS Challenges to economic outlook mount despite Simsek’s efforts Cem CetingucPosted on19 August, 202419 August, 2024 The Turkish economy is currently grappling with significant inflation challenges, forcing adjustments from both authorities … Continue ReadingChallenges to economic outlook mount despite Simsek’s efforts
Categories Economy HIGHLIGHTS ANALYSIS: Consumer confidence slips sharply in August, economic slow-down gains pace Atilla YeşiladaPosted on16 August, 2024 Turkey’s one and only private sector consumer confidence measures dropped for a second month in … Continue ReadingANALYSIS: Consumer confidence slips sharply in August, economic slow-down gains pace
Categories Economy HIGHLIGHTS ANALYSIS: Balance of Payments data is “balanced” Atilla YeşiladaPosted on13 August, 2024 Overview of June Balance of Payments Data In June balance of payments data; we see … Continue ReadingANALYSIS: Balance of Payments data is “balanced”
Categories Economy HIGHLIGHTS Morgan Stanley on Turkish economy: No Respite from Services Cem CetingucPosted on8 August, 20248 August, 2024 Despite a sharp decline in July inflation due to base effects, the underlying monthly inflation … Continue ReadingMorgan Stanley on Turkish economy: No Respite from Services
Categories Economy General HIGHLIGHTS Cetin Unsalan: Turkstat just admitted to cheating on inflation figures Atilla YeşiladaPosted on7 August, 2024 Cetin Unsalan is a veteran journalist covering non-financial economy, a YouTube creator and a regular … Continue ReadingCetin Unsalan: Turkstat just admitted to cheating on inflation figures
Categories HIGHLIGHTS HYPED Widespread Discontent: Over 80 percent criticize Türkiye’s economic management across party lines Cem CetingucPosted on5 August, 2024 In a recent “Türkiye’s Pulse July Survey” conducted by Metropoll Research, 81.3% of the Turkish … Continue ReadingWidespread Discontent: Over 80 percent criticize Türkiye’s economic management across party lines
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 HIGHLIGHTS Turkey sets record for July exports as trade deficit shrinks Cem CetingucPosted on2 August, 2024 Turkish exporters’ shipments reached a record high in July, a top official said on Friday, … Continue ReadingTurkey sets record for July exports as trade deficit shrinks
Categories Atilla Yeşilada Economy HIGHLIGHTS Politics Atilla Yesilada: Fed rate cuts will be very good for Turkish economy Atilla YeşiladaPosted on31 July, 2024 I woke up to news of Ismael Haniyeh’s assassination presumably by Israeli forces; and finishing … Continue ReadingAtilla Yesilada: Fed rate cuts will be very good for Turkish economy
Categories Economy HIGHLIGHTS Turkish economy slowing down in summer months, inflation to follow Atilla YeşiladaPosted on28 July, 2024 Akbank Economic Research team examined the series of macro-economic indicators published last week. According to … Continue ReadingTurkish economy slowing down in summer months, inflation to follow
Categories Economy HIGHLIGHTS July survey shows continued improvement in inflation expectations Cem CetingucPosted on22 July, 2024 Inflation expectations for the end of 2024 declined from 43.52 percent in June to 42.95 percent … Continue ReadingJuly survey shows continued improvement in inflation expectations
Categories Economy HIGHLIGHTS Turkey’s budget deficit 23.6 billion dollar in first half Cem CetingucPosted on16 July, 2024 In the first half of 2024, Turkey’s central government budget recorded a deficit of 747.2 … Continue ReadingTurkey’s budget deficit 23.6 billion dollar in first half
Categories Economy HIGHLIGHTS Finance Minister Şimşek declares inflation peak has passed Cem CetingucPosted on11 July, 2024 The worst is over in inflation, Treasury and Finance Minister Mehmet Şimşek has said, adding that “we … Continue ReadingFinance Minister Şimşek declares inflation peak has passed
Categories Economy HIGHLIGHTS Maximum rent hike sets at 65 percent as per inflation data Cem CetingucPosted on4 July, 20244 July, 2024 As the 25 percent cap on rent hikes expired as of July 2, landlords and … Continue ReadingMaximum rent hike sets at 65 percent as per inflation data
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 Business Economy HIGHLIGHTS Türkiye and BRICS: What are the mutual economic benefits? Cem CetingucPosted on2 July, 2024 As BRICS expands to challenge the Western-dominated global financial and trade order, Türkiye’s potential membership … Continue ReadingTürkiye and BRICS: What are the mutual economic benefits?
Categories Economy HIGHLIGHTS Turkey’s 5-month trade gap narrows by 24.9 percent Cem CetingucPosted on2 July, 2024 ISTANBUL (Turkey), June 30 (SeeNews) – Turkey’s trade deficit decreased by 24.9% year-on-year to $31.61 … Continue ReadingTurkey’s 5-month trade gap narrows by 24.9 percent
Categories Business Economy HIGHLIGHTS TURKEY: Consumer confidence up, along with inflation expectations Atilla YeşiladaPosted on1 July, 2024 June data dump revealed a fairly ugly picture of the economy. June manufacturing PMI remained … Continue ReadingTURKEY: Consumer confidence up, along with inflation expectations
Categories Finance HIGHLIGHTS New surveys by Central Bank reveal outrageously high inflation expectations among households Atilla YeşiladaPosted on29 June, 2024 A new blog penned by Central Bank of Turkey (CBRT) research staff reveals divergent inflation … Continue ReadingNew surveys by Central Bank reveal outrageously high inflation expectations among households
Categories Business Economy HIGHLIGHTS Economy stumbles into second quarter on slippery footing Atilla YeşiladaPosted on12 June, 2024 After a very rapid first quarter, when QoQ GDP growth reached %2.4, April industrial production … Continue ReadingEconomy stumbles into second quarter on slippery footing
