Turkey

Turkey-Still Solid Activity In 4Q20

Ali Batuhan Barlas (BBVA Research) | Industrial Production (IP) grew by 11% yoy in cal. adj. terms in November, confirming a growth level in the first 2 months of 4Q20 (9%) similar to the strong 3Q20 performance (8.5%). We expect GDP growth to materialize near 5% in 2021, benefiting from a sizable contribution from external demand


Erdogan's referendum victory

Turkey: GDP Slumped But Beat Market Expectations

Ali Batuhan Barlas / Adem Ileri / Berk Orkun Isa / Seda Guler Mert / Alvaro Ortiz (BBVA Research) | Turkish economy contracted by -9.9% in yearly terms in 2Q20 (-10.7% Bloomberg, -12.7% Reuters). The quarter-on-quarter contraction was higher at 11%. The growth rates in services and industry, sensitive to the Covid-19 shock, were the key factors behind.


Recep Tayyip Erdogan

Allianz: Three possible scenarios for Turkey

In the opinion of Neil Dwane, global strategist at Allianz Global Investors, Turkey, confronted by growing structural challenges, especially the latest Lira crisis, needs a stronger response based in stricter fiscal and monetary policy, and a less confrontational foreign policy.


The Geopolitics of Turkey’s Currency Crisis

Shaun Riordan | The currency markets seem to have given the Turkish Lira a temporary respite. But the underlying problems remain the same: an unsustainable current account deficit; excessive dependence on foreign currency denominated (especially dollar denominated) debt; and high inflation.


Bolsas emergentes

Not all emerging countries are the same

MADRID | By Francisco López | Argentina’s devaluation contagion pulled downwards such different assets as Brazil Stock Exchange, Argentinian or South African currency , or even Indonesia’s bonds. In Spain, the Ibex fell again by 1.1% losing 6.7% points in just six days, which means its hardest time in past twelve months. When panic spreads, investors do not consider each countries’ economic circumstaces individually.


Turkey: EU finally hands out good grades

ISTANBUL | By  Radikal at via Presseurop | The recent report on progress in negotiations on Turkey’s accession to the EU finally deals sensitively with the issue and should trigger a calm debate among the Turkish public on its relationship with the Union, writes the star columnist of the influential “Radikal” daily newspaper.



The Turkish impasse

ISTANBUL | Although a member of numerous regional and international organisations, Turkey is still not in the EU, despite negotiations dating back some 50 years.  wonders if the the country has missed its chance to become anything more than an auxiliary to US foreign policy in the Middle East.