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Official data lays bare deepening poverty in Turkey Al Monitor, June 18,2021

• 20 Haziran 2021
• English, Makale

At least 700,000 more people plunged into poverty and the income gap widened in Turkey last year as the coronavirus pandemic aggravated the economic turmoil plaguing the country since 2018, official…Read more →

Rise in Turkish food prices sparks fears of shortages Al Monitor, June 11, 2021

• 20 Haziran 2021
• English, Makale

With its food inflation already above 17%, crisis-hit Turkey is bracing for further increases in food prices amid looming declines in key crops due to drought, coming atop already serious…Read more →

Foreign companies reinforce control over Turkey’s tobacco sector , Al Monitor, June 1 2021

• 20 Haziran 2021
• English, Makale

The tobacco market remains an important source of profit for manufacturers, tax revenues for governments and livelihood for farmers, despite the global rise of efforts to combat smoking and a relative…Read more →

Further depreciation of Turkish lira appears inevitable (Al Monitor May 17, 2021)

• 21 Mayıs 2021
• English, Makale

Turkey’s embattled currency appears on course to tumble further in the coming months, as external headwinds threaten to aggravate the country’s entangled economic woes. The Turkish lira — in a fresh…Read more →

Turkey’s religious agency grows even richer, more powerful (Al Monitor, May 13, 2021)

• 21 Mayıs 2021
• English, Makale

The Turkish government’s meddling with secular lifestyles has gone as far as to ban alcohol sales during a 17-day lockdown against the COVID-19 pandemic until May 17, stoking fears that…Read more →

Turkey’s tourism sector fears another disastrous year (Al Monitor, April 21, 2021)

• 23 Nisan 2021
• English, Makale

An alarming surge in COVID-19 infections in Turkey, coupled with an ongoing gloom in the global travel industry, threatens to wreck hopes of recovery in the tourism sector, a vital…Read more →

Crisis-hit Turkey risks disastrous foreign investor flight (Al-Monitor, March 31 2021)

• 1 Nisan 2021
• English, Makale

The turbulence rattling Turkey’s financial markets since the shocking removal of the central bank governor March 20 has caused significant losses for foreign investors, threatening to further scare them away…Read more →

Did Erdogan commit economic suicide by sacking central bank chief? (Al-Monitor, March 25, 2021)

• 1 Nisan 2021
• English, Makale

President Recep Tayyip Erdogan’s shocking decision to appoint a new central bank governor — the fourth in 20 months — has plunged Turkey’s ailing economy into deeper turmoil, marked simultaneously by high…Read more →

Turkey lifts veil on unemployment data, revealing bigger army of jobless (Al Monitor, March 19, 2021)

• 20 Mart 2021
• English, Makale

The Turkish Statistical Institute, a government-run agency, has finally broadened the scope of its unemployment data, admitting by implication that the official rates camouflage as much as 60% of the…Read more →

Pandemic, domestic woes dim Istanbul’s economic luster (Al Monitor, March 10, 2021)

• 13 Mart 2021
• English, Makale

Istanbul — the powerhouse of the Turkish economy and an aspiring global hub — has suffered a notable decline amid the country’s economic turmoil over the past several years. While Turkey’s…Read more →

Turkey emerges with ‘Pyrrhic growth’ from pandemic-hit 2020 (Al-Monitor March 1, 2021)

• 13 Mart 2021
• English, Makale

Turkey’s statistics agency announced Monday that the Turkish economy grew 1.8% in 2020 despite the COVID-19 pandemic, beating all forecasts and estimates, including Ankara’s own. The positive growth rate, however,…Read more →

Where is the money? Erdogan feels the heat over foreign reserves drain(Al Monitor, Feb.25, 2021)

• 27 Şubat 2021
• English, Makale

Turkey’s main opposition has mounted an emphatic campaign calling the government to account on why the central bank burnt through $128 billion in foreign reserves in “back-door” hard currency sales that…Read more →

Foreign debt risks hover over Turkish lira’s recovery (Al Monitor, Feb.19,2021)

• 21 Şubat 2021
• English, Makale

Turkey’s foreign debt repayments and the financing of its current account deficit will require at least $200 billion this year, threatening to push up borrowing costs and disrupt the recent…Read more →

Turkey’s risk grade far from safe (al Monitor, Feb.10,2021)

• 19 Şubat 2021
• English, Makale

Turkey’s risk premium has significantly eased since Ankara abandoned a much-criticized interest rate policy to salvage its crisis-hit economy in November, but the downtick could well reverse down the road…Read more →

Tax injustice worsens in Turkey (Al Monitor, Feb. 4, 2021)

• 8 Şubat 2021
• English, Makale

Unjust distribution of the tax burden — a major component of economic inequalities in Turkey — has further exacerbated during the coronavirus pandemic, but far from looking for remedies, Ankara has recently hiked…Read more →