Categories Economy Finance HIGHLIGHTS FX market volatility is provisional: Minister Şimşek Cem CetingucPosted on11 March, 2024 The recent volatility in the FX market should be viewed as temporary, Treasury and Finance Minister Mehmet Şimşek has … Continue ReadingFX market volatility is provisional: Minister Şimşek
Categories Economy General HIGHLIGHTS GDP data: Long way to go to rebalance Turkish economy Cem CetingucPosted on10 March, 2024 Turkey’s fourth-quarter GDP data showed that private spending has accelerated despite an increasingly restrictive policy stance … Continue ReadingGDP data: Long way to go to rebalance Turkish economy
Categories Finance HIGHLIGHTS Morgan Stanley: What’s Next After February Inflation? Atilla YeşiladaPosted on5 March, 2024 The CBT will likely wait for March inflation before deciding on further hikes We think … Continue ReadingMorgan Stanley: What’s Next After February Inflation?
Categories Economy HIGHLIGHTS Mehmet Simsek lays out post-election policy course Atilla YeşiladaPosted on4 March, 2024 Treasury and Finance Minister Mehmet Şimşek appeared on financial TV broadcaster BloombergHT’ s morning news … Continue ReadingMehmet Simsek lays out post-election policy course
Categories Economy ING: Turkey faces continuing price pressures Atilla YeşiladaPosted on4 March, 20244 March, 2024 Annual Turkish inflation came in higher than expected in February, and it’s expected to go … Continue ReadingING: Turkey faces continuing price pressures
Categories Economy HIGHLIGHTS Markets Turkey seeks foreign investments for economic boost Cem CetingucPosted on4 March, 2024 Grappling with economic woes unseen in decades, Türkiye is seeking to shore up foreign investments … Continue ReadingTurkey seeks foreign investments for economic boost
Categories Economy General HIGHLIGHTS Turkey: Long way from economic recovery Cem CetingucPosted on4 March, 20244 March, 2024 Headline GDP growth came in stronger than expected at 4.0% year-on-year while sequential growth accelerated … Continue ReadingTurkey: Long way from economic recovery
Categories Economy General HIGHLIGHTS Affordable meat lines form in front of Turkish state-stores prior to Ramadan Cem CetingucPosted on29 February, 202429 February, 2024 People formed long queues in front of Turkey’s state-run “Meat and Milk Board” stores to … Continue ReadingAffordable meat lines form in front of Turkish state-stores prior to Ramadan
Categories Economy HIGHLIGHTS Yılmaz: Turkish economic program working as planned Cem CetingucPosted on29 February, 2024 Vice President Cevdet Yılmaz met with international investors and fund managers in London on Tuesday, … Continue ReadingYılmaz: Turkish economic program working as planned
Categories Economy HIGHLIGHTS Politics Erdoğan claims Turkish economy will rise in 2024 Cem CetingucPosted on28 February, 2024 The Turkish economy will start to rise in the next year as the current difficulties have already … Continue ReadingErdoğan claims Turkish economy will rise in 2024
Categories Economy HIGHLIGHTS Personal credit card spending in Turkey rises by 147 percent Cem CetingucPosted on28 February, 202429 February, 2024 Personal Turkish lira-denominated credit card spending rose by 147.2 percent as of Feb.1 16 compared … Continue ReadingPersonal credit card spending in Turkey rises by 147 percent
Categories Business Economy Güldem Atabay HIGHLIGHTS Guldem Atabay: Consumer confidence is down, but alarming signs of another recovery in domestic demand Atilla YeşiladaPosted on26 February, 2024 There is a surprise improvement in domestic and external demand conditions, but consumer confidence is … Continue ReadingGuldem Atabay: Consumer confidence is down, but alarming signs of another recovery in domestic demand
Categories Economy General HIGHLIGHTS TUSIAD chief economist bashes Mehmet Simsek’s economic program Atilla YeşiladaPosted on24 February, 2024 (Mrs) Gizem Öztok Altınsaç, Chief Economist at TÜSİAD, said that the Turkish Central Bank’s inflation … Continue ReadingTUSIAD chief economist bashes Mehmet Simsek’s economic program
Categories Economy General HIGHLIGHTS Consumer confidence index deteriorated in February Cem CetingucPosted on22 February, 202422 February, 2024 Consumer morale in Türkiye deteriorated in February for the first time since August amid declines … Continue ReadingConsumer confidence index deteriorated in February
Categories Economy HIGHLIGHTS Politics Turkey’s local election campaigns contributes to economy Cem CetingucPosted on22 February, 202422 February, 2024 Thousands of candidates vying for posts in the upcoming local elections are expected to contribute a substantial … Continue ReadingTurkey’s local election campaigns contributes to economy
Categories Economy General HIGHLIGHTS Finance Minister: Türkiye wil not do anything “extraordinary” to curb inflation Cem CetingucPosted on16 February, 2024 Türkiye will not do anything “extraordinary” to curb inflation, Treasury and Finance Minister Mehmet Şimşek … Continue ReadingFinance Minister: Türkiye wil not do anything “extraordinary” to curb inflation
Categories Atilla Yeşilada Economy Finance HIGHLIGHTS Video Analysis: Turkish inflation is raging, Mehmet Simsek’s job is in jeopardy? Atilla YeşiladaPosted on14 February, 2024 CPI soared by 6.5% in January and 65% per annum. • As far as … Continue ReadingVideo Analysis: Turkish inflation is raging, Mehmet Simsek’s job is in jeopardy?
Categories Economy HIGHLIGHTS Türkiye’s current account deficit expected to shrink: CBRT data Cem CetingucPosted on13 February, 2024 Türkiye ended 2023 with a lower-than-expected current account deficit of nearly $2.1 billion (TL 64.52 … Continue ReadingTürkiye’s current account deficit expected to shrink: CBRT data
Categories Business Economy HIGHLIGHTS Turkish industrial production rises in December, but outlook not favorable Atilla YeşiladaPosted on11 February, 2024 Turkey’s industrial production registered an annual increase of 1.6% in December, the country’s statistical authority … Continue ReadingTurkish industrial production rises in December, but outlook not favorable
Categories Economy HIGHLIGHTS Turkish economy closes the year with weak supply coupled with solid demand, forecasts BBVA Garanti Invest Atilla YeşiladaPosted on10 February, 2024 BBVA Garanti Invest publishes the only English language nowcast of the economy. Its February report … Continue ReadingTurkish economy closes the year with weak supply coupled with solid demand, forecasts BBVA Garanti Invest
