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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 →

COVID-19 pandemic expands poverty in Turkey ( Al Monitor, Jan 27. 2021)

• 31 Ocak 2021
• English, Makale

“We have been helping vulnerable people for two decades, but never before have I seen such poverty.” This is how charity activist Hacer Foggo summarizes the impact of the coronavirus pandemic…Read more →

Turkey faces alarming increase in public debt (Al Monitor, 21 Ocak 2021)

• 22 Ocak 2021
• English, Makale

Turkey’s crisis-hit economy ducked a major contraction in 2020 thanks to a lavish loan stimulus that spurred a relative recovery in the second half of the year. The reversal, however,…Read more →

Turkey’s ” wealthless”wealthfund a tangle of problems (Al Monitor, Jan. 13, 2021)

• 22 Ocak 2021
• English, Makale

Controversies surrounding Turkey’s sovereign wealth fund have only grown since its creation four years ago amid swirling questions about its jumbled legal status, dubious purposes and exemption from public auditing.…Read more →

Is the worst behind in Turkey’s economic turmoil? (Al Monitor, Jan.4, 2021)

• 5 Ocak 2021
• English, Makale

The embattled Turkish lira has relatively recovered and some foreign short-term investors have returned to Turkey since early November, when Ankara replaced two key economy officials — the central bank governor…Read more →

Mountain of debt growing under the rug in Turkey(al Monitor, Dec. 26, 2020)

• 5 Ocak 2021
• English, Makale

The Turkish government’s monetary expansion policies, used as a quick fix to prevent major economic contractions, have resulted in an extraordinary consumer and corporate debt that poses further dilemmas for…Read more →

Critics say Turkey’s unfinished nuclear plant already redundant(Al Monitor, Dec. 15, 2020)

• 26 Aralık 2020
• English, Makale

Turkey’s ruling Justice and Development Party (AKP), in power for 18 years, is under increasing fire for poorly planned, prodigal investments whose long-term financial fallout is coming into sharper relief…Read more →

Cash-strapped Turkey relies on Qatari investments (Al Monitor, Dec. 2 2020)

• 7 Aralık 2020
• English, Makale

crambling to draw foreign investors to ease Turkey’s hard currency crunch, President Recep Tayyip Erdogan’s government has once again turned to its closest ally, Qatar. The two sides announced a…Read more →

Turkey’s landmark rate hike augurs economic contraction (Al Monitor, Nov.20, 2020)

• 25 Kasım 2020
• English, Makale

Turkey’s Central Bank announced the biggest hike in interest rates in more than two years Thursday. President Recep Tayyip Erdogan, who has bitterly opposed raising rates, is scrambling to restore foreign investor confidence…Read more →

Erdogan’s change of economy team signals snap election plan (Al Monitor, Nov.13, 2020)

• 14 Kasım 2020
• English, Makale

The stunning replacements of Turkey’s central bank governor and the treasury and finance minister send a strong signal that President Recep Tayyip Erdogan, alarmed over snowballing economic woes, could risk…Read more →