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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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That represented a 1.9-percentage-point (pp) rise in import share and a 0.4-pp fall in export share. Turkey's economic and commercial ties with Europe (EU and non-EU) are strong…
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DOI: 10.1108/OXAN-DB280284
ISSN: 2633-304X
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Geographic
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TURKEY: Monetary policy could pivot towards orthodoxy
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DOI: 10.1108/OXAN-ES279677
ISSN: 2633-304X
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TURKEY: Policy normalisation will continue slowly
The limited rate hike (annual core inflation is running at 47%) has undermined foreign investors’ hopes that President Recep Tayyip Erdogan’s new economic team would be free to…
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DOI: 10.1108/OXAN-DB280020
ISSN: 2633-304X
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The much anticipated appointments of new ministers of finance, foreign affairs and interior -- replacing incumbents that in various ways no longer serve the president's interests…
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DOI: 10.1108/OXAN-DB279965
ISSN: 2633-304X
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However, although output has grown, a tight labour market and persistent inflation have created new problems. The reorientation of trade away from Europe has resulted in a…
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DOI: 10.1108/OXAN-DB285374
ISSN: 2633-304X
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TURKEY: Monetary policy will ensure pressure on lira
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DOI: 10.1108/OXAN-ES279352
ISSN: 2633-304X
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The move is part of the government’s new more orthodox economic policy, which was adopted following President Recep Tayyip Erdogan’s re-election in May. The change of policy…
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DOI: 10.1108/OXAN-DB282608
ISSN: 2633-304X
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Parallel imports have played a crucial role in securing the supply of goods for the Russian economy. The creation and management of parallel import channels is now an important…