Turkish economy: Timely reporting and analysis of economic developments in Turkey with all its structural problems, as one of world’s 20 biggest economies
The deterioration continues in the current account. We saw a current account deficit of 18.1 billion dollars in the first quarter. This is the highest current account deficit since 2012: 2.2 percent as a...
I was once a screen regular of Turkey’s one of the leading comedy writer Gülse Birsel’s TV Show European Side/Avrupa Yakası. Recently, I am hooked on Ali Sunal and his team’s Güldür Güldür comedy...
Turkey’s cabinet meeting conveyed on April 12 amid pro-government media’s spins that the ruling Justice and Development Party (AKP) ministers will announce new measures for current economic crisis, such as increase in pensions or...
Consumer inflation in March was announced as 61.1 percent. Thus, we went back twenty years. The last time inflation was above this level was in March 2002: 65.1 percent. Nonetheless, there was a significant...
Treasury and Finance Minister Nureddin Nebati stated that Turkey’s inflation is high and “a problem”, adding that currency fluctuation has been taken under control as the high growth rate reflected employment positively. “Inflation is...
As the cost of living increases, Turkey’s government took measures such as VAT reductions. Nonetheless, inflation cannot be reduced with tax cuts unless the reasons that escalate it are eliminated. Early this week, the...
The Monetary Policy Committee will convene on March 17 and announce its decision. You might smirk when you read the word “decision.” As a former Central Banker, I cannot stand to write otherwise. In...
As Turkey gained diplomatic momentum from Russia’s war on Ukraine, President Tayyip Erdoğan is fully aware of his political and economic priorities. He can take two basic steps to leverage Turkey’s diplomatic prominence to...
As announced last week, the growth rate of Turkey was 11 percent in 2021. It is too high. So, is it sustainable? At which level could 2022 growth be? What are the risks that...
Stars are falling once the glitter wears off. The ruling Justice and Development Party (AKP) deputy chairman and former Prime Minister Binali Yıldırm was giving an exclusive interview to CNN Türk TV host Ahmet...
