Kategori arşivi: English

Crisis-hit Turkey suffers erosion in investments (Al-Monitor, September 8, 2019)

Mustafa Sönmez tarafından 08 Eylül 2019 tarihinde gönderildi

Turkey’s gross domestic product shrank 1.5% year-on-year in the second quarter, according to official figures released this week, with a dramatic decrease in investments standing out as a major driver of the contraction. The decline in investments — both in the private … Okumaya devam et →

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Ankara’s economic measures risk scaring off foreign banks (Al Monitor, August 27, 2019)

Mustafa Sönmez tarafından 27 Ağustos 2019 tarihinde gönderildi

Keeping the Turkish economy afloat is becoming increasingly difficult. To stop the downturn and stimulate a return to growth, Ankara has pushed the central bank to make a massive rate cut despite the still-unripe domestic and external conditions and sought to control … Okumaya devam et →

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Turkey’s social security agency withholds data as financial crisis deepens (Al Monitor, August 17,2019)

Mustafa Sönmez tarafından 17 Ağustos 2019 tarihinde gönderildi

ARTICLE SUMMARYTurkey’s social security agency has stopped releasing data on the labor force and its own financial situation, fueling suspicions that Ankara is trying to smokescreen the true impact of the country’s economic crisis. Big social security deficits have long … Okumaya devam et →

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Expect Turkish business world to embrace former economy czar’s new party (Al Monitor, August 8, 2019)

Mustafa Sönmez tarafından 12 Ağustos 2019 tarihinde gönderildi

Turkey’s ruling Justice and Development Party (AKP), in power since 2002, has seen a sharp decline in its political fortunes over the past year, with the crisis bruising the country standing out as the prime driver of the downtick. The … Okumaya devam et →

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Turkey’s current account deficit shrinks, but budget gap widens (Al Monitor, July 28, 2019)

Mustafa Sönmez tarafından 27 Temmuz 2019 tarihinde gönderildi

For the first time in a long time, Turkey’s current account has shown a surplus on a monthly basis, bringing the 12-month current account gap to a 16-year low, according to Central Bank data released July 11. With the $151 million surplus … Okumaya devam et →

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Ankara goes on risky quest to cut interest rates (Al Monitor, July 11, 2019)

Mustafa Sönmez tarafından 13 Temmuz 2019 tarihinde gönderildi

In a memorable interview in May 2018, Turkish President Recep Tayyip Erdogan advocated low interest rates as a way to reduce inflation, defying conventional economic theory. “When we look at the cause and effect relationship, interest rates are the cause and inflation is … Okumaya devam et →

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Ankara’s economic tasks grow tougher after election rout (Al Monitor, June 27, 2019)

Mustafa Sönmez tarafından 28 Haziran 2019 tarihinde gönderildi

The June 23 rerun of the mayoral election in Istanbul ended in a big debacle for the ruling Justice and Development Party (AKP). Ekrem Imamoglu of the main opposition Republican People’s Party (CHP), who ran for the CHP-led Nation’s Alliance, … Okumaya devam et →

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Turkey’s car-making sector sputters amid economic downturn(Al-Monitor, June 20,2019)

Mustafa Sönmez tarafından 22 Haziran 2019 tarihinde gönderildi

The automotive industry has been a major leg in the economic growth model of Turkey’s ruling Justice and Development Party (AKP), which has relied heavily on foreign funds, while encouraging production focused on the domestic market and consumption. Now that … Okumaya devam et →

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Voters’ economic confidence dips ahead of key Istanbul vote( Al-Monitor, May 31, 2019)

Mustafa Sönmez tarafından 10 Haziran 2019 tarihinde gönderildi

Turkey’s ruling Justice and Development Party (AKP) may have secured a rerun of Istanbul’s mayoral race to try to reverse its defeat in March, but it has had little to celebrate ahead of the critical vote, with economic woes sinking consumer confidence … Okumaya devam et →

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Turkey’s debt-ridden Treasury mulls risky steps to stay afloat (Al Monitor, May 22, 2019)

Mustafa Sönmez tarafından 23 Mayıs 2019 tarihinde gönderildi

The two main actors in the economic crisis gripping Turkey are the central bank, which runs the state’s monetary policies, and the Treasury, which is in charge of fiscal policies. The central bank is ostensibly independent, while the Treasury is attached to Treasury and … Okumaya devam et →

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