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Expert briefing
Publication date: 15 December 2022

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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Expert briefing
Publication date: 16 April 2020

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…

Expert briefing
Publication date: 26 October 2018

Inflation has to a great extent been driven by a depreciation of the rial following Washington’s decision to reimpose sanctions, yet deep structural flaws in the banking sector…

Expert briefing
Publication date: 17 September 2018

It was a bid to stabilise the lira. Bank deposit and credit rates have already risen sharply, and credit growth has virtually halted. As Turkey’s economic crisis takes hold, the…

Expert briefing
Publication date: 3 August 2020

Erdogan spoke with pride of imposing additional customs duties to protect domestic industries, cheapening credit and launching a national car project. Economic policies are…

Expert briefing
Publication date: 25 July 2016

S&P is concerned that the political fallout from the failed July 15-16 military coup will make it more difficult for the country to meet its large external financing requirements…

Expert briefing
Publication date: 15 May 2020

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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