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1 – 10 of 31Its actions included floating the currency, which triggered a major devaluation, and a 600-basis point increase in its benchmark interest rate to 27.75%. Meanwhile, the government…
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DOI: 10.1108/OXAN-DB285730
ISSN: 2633-304X
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Israel’s war with Hamas is taking a growing toll on the economy mainly due to labour shortages. The economy has recovered quickly from previous short wars, but this conflict…
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DOI: 10.1108/OXAN-DB283437
ISSN: 2633-304X
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The president has repeatedly rejected the idea of resuming negotiations with the international lender. Instead, he aims gradually to reduce dependence on external financing from…
Like other fuel-importing countries in the Middle East and North Africa (MENA), it has large structural fiscal and current account deficits. These have resulted in climbing…
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DOI: 10.1108/OXAN-DB282177
ISSN: 2633-304X
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The statement implies that a return to economic orthodoxy is likely, following two years of unorthodox policies built around Erdogan’s preference for low interest rates. The…
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DOI: 10.1108/OXAN-DB279817
ISSN: 2633-304X
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Prospects for Turkey in 2023.
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DOI: 10.1108/OXAN-DB274062
ISSN: 2633-304X
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Turkey, which has underlying attractions for investors and lenders, needs foreign capital inflows for stability and growth. A change of government in May could accelerate net…
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DOI: 10.1108/OXAN-DB278290
ISSN: 2633-304X
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The target is highly optimistic. A recent upturn in headline growth reflects improved terms of trade and better performance in export-oriented sectors, notably tourism and…
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DOI: 10.1108/OXAN-DB274709
ISSN: 2633-304X
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Prospects for Gulf Arab sovereign wealth funds.
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DOI: 10.1108/OXAN-DB224097
ISSN: 2633-304X
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It has fallen from about 6.50 at end-March and 5.95 at end-2019. There is speculation about a possible balance of payments crisis due to the COVID-19 pandemic, economic…