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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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Despite a series of IMF programmes since 1989, public sector debt levels have climbed to worrying heights, driven by deficits on both fiscal and current account accounts. Jordan’s…
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DOI: 10.1108/OXAN-DB270291
ISSN: 2633-304X
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Mounting concerns that a faster-than-expected global economic recovery from the COVID-19 pandemic will spur inflation, forcing the leading central banks to signal an…
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DOI: 10.1108/OXAN-DB259944
ISSN: 2633-304X
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The fall, which is likely to prove temporary, broke a rising trend. Despite the freeze in relations between Doha and its neighbours, sizeable foreign assets have alleviated…
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DOI: 10.1108/OXAN-DB229090
ISSN: 2633-304X
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The long-running weakness of the lira, which accelerated this month, has forced up prices and market interest rates, depressed asset values, dampened confidence in the economy and…
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DOI: 10.1108/OXAN-DB233743
ISSN: 2633-304X
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The recovery from the record low of 4.93 on May 23 may reflect officials’ efforts to counteract President Recep Tayyip Erdogan’s disastrous interventions in Turkey’s economic…
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DOI: 10.1108/OXAN-DB234089
ISSN: 2633-304X
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Despite dramatic depreciation of the lira since early March, the TCMB is likely to continue cutting its benchmark one-week repo rate, now at 8.75%, as it tries to mitigate the…
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DOI: 10.1108/OXAN-DB252635
ISSN: 2633-304X
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Turkey’s economic bounce-back.