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1 – 7 of 7The 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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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…
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DOI: 10.1108/OXAN-DB251995
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB239463
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB238519
ISSN: 2633-304X
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Erdogan spoke with pride of imposing additional customs duties to protect domestic industries, cheapening credit and launching a national car project. Economic policies are…
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DOI: 10.1108/OXAN-DB254266
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB212581
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…