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Turkey
Featured Content
Macroeconomy
Turkey: Monetary Policy
Turkey's Inflation Continues to Creep Up in January
Turkey: Central Bank Keeps Rates on Hold and Sticks to Policy Mix
Turkey : Emerging Markets : Europe : Macroeconomy : Monetary Policy and Inflation :
The G20's Role in Economic Policy Making
The G20: A Small Step Toward Coordination of Imbalances?
Are Targets the Way to Go to Reduce Current Account Imbalances?
Australia : Canada : China : Gulf Cooperation Council : India : Indonesia : Japan : Northeast Asia : Pacific : Russia : Russia, CIS and the Caucasus : Saudi Arabia : South Africa : South Asia : South Korea : Southeast Asia : Turkey : United Kingdom : United States : Advanced Economies : Asia/Pacific : Emerging Markets : Europe : Middle East and Africa : North America : Geostrategy : Macroeconomy : IMF and International Economic Institutions : International Organizations : Trade and External Balance :
Turkey: Economic Profile
Turkish Manufacturing: Weakening?
Turkish Economy Expands 8.2% y/y in Q3; When Will Growth Decelerate?
Turkey : Emerging Markets : Europe : Macroeconomy : Growth Outlook and Business Cycle :
Turkey: External Accounts
Turkey’s Trade Balance Improves but External Risks Remain
Turkey's Current Account Deficit Widens in November, Outlook?
Turkey : Emerging Markets : Europe : Macroeconomy : Current Account : International Trade and Globalization : Trade and External Balance :
Turkey: Labor Market
Turkey: Unemployment Rate Remains Below Pre-Crisis Levels
Turkey : Europe : Macroeconomy : Labor Markets and Productivity :
Turkey: Fiscal Policy
Turkey: Will Strong Fiscal Performance be Sustained in 2012?
Turkey : Emerging Markets : Europe : Macroeconomy : Fiscal Policy :
Finance & Banking
Geostrategic & Long Term
Turkey: Domestic Politics and Political Risk
Turkey: Top Turkish Generals Resign Amid Ongoing Tension between Government and Military
Turkey's General Elections: AKP Secures Third Term, What's Next?
Turkey : Europe : Geostrategy : Foreign and Domestic Political Risk :
The G20's Role in Economic Policy Making
The G20: A Small Step Toward Coordination of Imbalances?
Are Targets the Way to Go to Reduce Current Account Imbalances?
Australia : Canada : China : Gulf Cooperation Council : India : Indonesia : Japan : Northeast Asia : Pacific : Russia : Russia, CIS and the Caucasus : Saudi Arabia : South Africa : South Asia : South Korea : Southeast Asia : Turkey : United Kingdom : United States : Advanced Economies : Asia/Pacific : Emerging Markets : Europe : Middle East and Africa : North America : Geostrategy : Macroeconomy : IMF and International Economic Institutions : International Organizations : Trade and External Balance :
EU Enlargement Process
Western Balkan Countries: Rocky Road to EU Membership
Turkey's EU Accession Path: Annual Progress Report Delivers a Mixed Message
Emerging Europe and CIS : Serbia : Southeast Europe : Turkey : Europe : Geostrategy : Foreign and Domestic Political Risk :
NATO's Future Role
NATO in Afghanistan: Obama Unwinds Troop Increase
U.S.-Afghan Relations: Tensions Mount
Baltics : Belgium : Emerging Europe and CIS : Eurozone : Nordics : Norway : Romania : Southeast Europe : Turkey : Europe : Geostrategy : Foreign Policy and Geostrategic Risks : International Organizations :
Turkey and Geopolitical Energy Issues
Turkey at an Energy Crossroads: Turkish-Azerbaijani Gas Deal Fuels Hopes in the EU
Can Europe Expand Its Energy Network to Central Asia? Nabucco's Woes
Turkey : Europe : Geostrategy : Commodities : Energy : Energy Security and Policy : Oil and Energy : Sectors and Industries :
Turkey: Foreign Policy
Turkey's Foreign Policy: Ties With France Ruptured by Genocide Ruling
Palestinian UNESCO Membership Takes Away the Possibility of Renewed Talks
Commonwealth of Independent States : Emerging Europe and CIS : Russia, CIS and the Caucasus : Turkey : Europe : Geostrategy : Foreign and Domestic Political Risk : Foreign Policy and Geostrategic Risks :
Turkey and EU Accession
Turkey's Foreign Policy: Ties With France Ruptured by Genocide Ruling
Turkey's EU Accession Path: Annual Progress Report Delivers a Mixed Message
Turkey : Europe : Geostrategy : Foreign and Domestic Political Risk :
United States-Turkey Relations
Erdogan Visit Highlights Turkey's Economic and Political Ties With the Middle East
Turkey's Foreign Policy: Ties With France Ruptured by Genocide Ruling
Turkey : United States : Europe : North America : Geostrategy : Energy Security and Policy : Foreign Policy and Geostrategic Risks :
Key Indicators
Gross Domestic Product 1998
Millions Of Turkish New Lira - Turkey
Millions Of Turkish New Lira - Turkey
-14.45, -7.71, -2.91, 6.02, 11.65
11.65
BOP
Current Account, Total, Mil USD - Turkey
Current Account, Total, Mil USD - Turkey
-4328, -2953, -3344, -3649, -2966
-2,966
Industrial Production Index
Total, 2005=100 - Turkey
Total, 2005=100 - Turkey
16.99, 15.48, 10.14, 8.51, 10.46
10.46
Unemployment Rate
Percent - Turkey
Percent - Turkey
14.2, 13.37, 12.23, 11.17, 10.7
10.7
CPI
Total, 2003=100 - Turkey
Total, 2003=100 - Turkey
181.85, 182.6, 183.93, 184.7, 186.3
186.3
Business Surveys
Real Sector Confidence Index, Total - Turkey
Real Sector Confidence Index, Total - Turkey
106.41, 113.58, 111, 114.8, 116.7
116.7
TUR Overnight interbank rate
Stock or Quantum, % p.a. - Turkey
Stock or Quantum, % p.a. - Turkey
1.63, 1.5, 1.5, 1.5, 1.5
1.5
data by Factset
Turkey Outlook Update: Sharper Slowdown Ahead
The surprisingly strong Q3 data means that the forthcoming drop in growth will start from a greater height. We expect the Central Bank of Turkey (CBT) to stick to its flexible policy mix, keeping the interest corridor wide, in order to rein in inflation, dampen credit growth and stabilize the lira. However, given slowing domestic demand and the strong external headwinds, the bank will refrain from outright policy cuts for as long as possible.
Read the latest Turkey Outlook Update
Economic Research
Europe Weekly
Reassessing the EFSF; Hungarian Politics; Turkish Fiscal Policy; EZ Calendar
By Jan 20, 2012
Europe Weekly
ECB Meeting Preview; Spain’s Crucial Fiscal Consolidation; Hungary Risks; Turkish Monetary Policy; EZ Calendar
By Jan 6, 2012
Europe Weekly
ECB Meeting; EZ Crisis Impact on UK; Russian Elections; Turkish Inflation; Italian Fiscal Austerity; EZ Calendar
By Dec 9, 2011
Europe Weekly
EZ PMIs; Greek Politics; UK Growth; Romanian Monetary Policy; Russian IP; Turkish Inflation; EZ Calendar
By Nov 4, 2011
Global Economic Outlook
Emerging Europe and CIS Outlook Update: Weaker Growth Across the Region
By Sep 16, 2011
Economic Research
A Radical Policy Response to the Rising Risks of a Depression and Financial Crisis
By Sep 13, 2011
Economic Research
Strengths and Vulnerabilities in Emerging Europe: A Balance Sheet Approach
By Aug 19, 2011
Central Bank Watch
Summary Table: RGE Policy Rate Forecasts and Market Interbank Rate Expectations
By Aug 19, 2011
Europe Weekly
Spanish Politics; EFSF Ratification; German Soft Landing; Czech Monetary Policy; Turkish Depreciation
By Jul 29, 2011
Europe Weekly
UK Monetary Policy; Eurozone Inflation; Swedish Households; Eastern European Banks; Turkish Consumer Confidence; Polish Manufacturing
By Jul 22, 2011
Europe Weekly
Greek Debt; Volatile Turkish Inflation; Fragile Irish Growth; Russia's Weak Fixed Investment; Poland's Shale Gas Bonanza; Denmark's Bank Woes
By Jul 8, 2011
Europe Weekly
Risks and Growth Prospects Across the EZ, UK, Nordics, Emerging Europe and CIS
By Jul 1, 2011
Europe Weekly
Turkish Credit Growth; UK Consumption; Russian Payroll Tax; Greek Crisis Impact on Romania; Finnish Growth Policy
By Jun 24, 2011
Europe Weekly
Greek Crisis; German Banks Exposed; Irish Bondholders; Czech Banking Risks; Turkish Wage-Price Spiral
By Jun 17, 2011
Economic Research
Current Account Deficit Alert: Domestic Policies, not Foreign Capital, Will Shield Brazil, India, Turkey and South Africa
By Jun 2, 2011
Europe Weekly
ECB Collateral Holdings; German Dynamics; UK Corporates; Turkish Monetary Policy; Polish Consumption; Hungarian Mortgage Relief
By May 27, 2011
Economic Research
Eastern Europe: Are Higher Commodity Prices a Monetary Policy Game-Changer?
By Mar 21, 2011
Europe Weekly
Eastern Europe Monetary Policy; Icelandic Policy Rate; Irish Fiscal Challenges
By Mar 18, 2011
Europe Weekly
Greek Debt Restructuring; Turkish Monetary Policy; German Elections; Swedish Banks
By Jan 21, 2011
Economic Research
2011 Geostrategy Note: The Roiling Pacific, Quagmiristan and EZ Targets
By Dec 29, 2010
Economic Research
Q4 2010 Geostrategic Risk Note: Asia on the Boil, U.S.-Europe Reap Anti-Incumbent Backlash
By Oct 7, 2010
Europe Weekly
Q2 GDP in the Eurozone and UK; High-Flying Swiss Franc; Turkey's Referendum
By Sep 3, 2010
Economic Research
Europe Weekly Spotlight: UK and German Inflation; Turkish Monetary Policy; Nordic PMIs
By Aug 20, 2010
Economic Research
Europe Weekly Spotlight: Markets Worry About Ireland; Bulgaria Hedges Energy Bets
By Jul 23, 2010
Economic Research
Europe Weekly Spotlight: Growth in Turkey, Austerity Beyond (even France)
By Jun 25, 2010
Economic Research
The Greece Dilemma: Sovereign Debts Imperiling the Euro and Challenging EU Ties
By Jan 19, 2010
Economic Research
Turkey’s Policy Rate at All-Time Low: Is the Central Bank Pushing on a String?
By Sep 21, 2009
EconoMonitors
The Kapali Carsi
Addendum to latest Hurriyet column: Box of chocolates from Central Bank
Aug 1, 2011
The Kapali Carsi
Central Bank of Turkey's meeting with bank economists: "We love the BRSA!"
Jul 29, 2011
RGE Analysts
New IMF Forecasts Highlight Uncertainty Surrounding Turkish Growth Outlook
Jul 19, 2011
The Kapali Carsi
Mixed Results (and a New Weapon) from Central Bank of Turkey's Business Tendency Survey
Jun 24, 2011
The Kapali Carsi
Yet Another Addendum to This Week's Column: An Economist Supports the Economist!
Jun 8, 2011
The Kapali Carsi
Addendum to Hurriyet column: Job application to Central Bank of Turkey
May 31, 2011
Daily Digest
Analysis
Poland: Mixed Signals from Surveys; Czech Republic: CNB Forecasts Back Rate Cut; Turkey: In No Hurry to Curb Inflation; Russian GDP: 2012 to Be as Good as it Gets
BNP Paribas Feb 03, 2012
Analysis
CEE Insights: How did private credits develop in the last two months of 2011?
Erste Bank (free registration required) Feb 03, 2012
Analysis
Turkey Short Note: We may not yet be out of the woods
Erste Bank (free registration required) Feb 03, 2012
Analysis
EMEA Weekly: NBP likely to maintain hawkish rhetoric; Russia’s CPI hits historical low; Strategy Update
Danske Markets Research Feb 02, 2012
Analysis
Turkey Short Note:Stuck between inflation and current account
Erste Bank (free registration required) Feb 01, 2012
Analysis
Turkey Short Note: Treasury Borrowing Program
Erste Bank (free registration required) Feb 01, 2012
Analysis
Turkey Manufacturing PMI :Business conditions continue to improve, albeit at increasingly slower rate
Markit Feb 01, 2012
Analysis
Turkey: Stuck between inflation and current account
Erste Bank (free subscription required) Jan 31, 2012
Analysis
CEE Fixed Income Insights: How much has Asia become relevant for the CEE manufacturing sector?
Erste Bank Research (free registration) Jan 27, 2012
Analysis
EMEA Weekly: Wind beneath its wings, EMEA ship opens its sails; EMEA FX: Where to put your money; Czech and Romanian central banks taking the stage next week
Danske Markets Research Jan 26, 2012
News
CEE Fixed Income Daily: Romania- Election Decision; Hungary- IMF Report published; Turkey- Capacity Utilization; Czech Central Bank
Erste Bank (free registration required) Jan 26, 2012
Analysis
Turkey Capacity Utilization:Still Robust but Details Show Signals for Slowdown
Seker Securities Jan 25, 2012
Analysis
2012 January Capital Flows to Emerging Market Economies
Institute of International Finance Jan 24, 2012
Blogs
EBRD: forecast cut amid warnings over bank deleveraging and eurozone crisis
Financial Times Jan 24, 2012
Analysis
Regional Economic Prospects in EBRD Countries of Operations: January 2012
EBRD Jan 24, 2012
Blogs
Soap-Opera Week for Turkey-U.S. Relations Underlines Partnership’s Strength
Wall Street Journal Jan 20, 2012
Analysis
CEE Weekly: Poland- Strong issuance; Hungary- Some signs of relief; Czech Republic- Strength of the economy;Turkey- How long will revived carry trades lend support?; Russia: Outlook down to stable; Romania: Large debt issued
Raiffeisen Research Jan 20, 2012
Analysis
Emerging Markets Briefer: Surprisingly sunny dawn of 2012 – let’s see if it continues
Danske Markets Research Jan 20, 2012
Analysis
Turkey Short Note: ZEW-Erste: Glass half-full camp sees recovery
Erste Bank (free registration required) Jan 20, 2012
Analysis
Factsheet Turkey: Soft landing on slippery ground
Erste Bank (free registration required) Jan 20, 2012
Analysis
EMEA Weekly: Upcoming Rate Decisions- Hungary & Turkey
Danske Markets Research Jan 19, 2012
Analysis
CEE Fixed Income Daily: Romania - violent street protest in Bucharest; Hungary - Inflation decelerated in December; Turkey - Budget
Erste Bank Research (free registration) Jan 17, 2012
Analysis
Turkey: Amnesties: good for some, less so for others
Erste Bank (free subscription required) Jan 16, 2012
Analysis
Cee Weekly: Poland - Aggresiv Refinancing of the Polish Sovereign; Hungary - IMF talks; Czech - CZK and Bonds still under pressure; Romania - Yields on Government Securities decrease
Raiffeisen Research Jan 13, 2012
Analysis
CEE Fixed Income Insights January 13, 2012
Erste Bank Research (free registration) Jan 13, 2012
Analysis
Turkey: First decline since October 2009
Erste Bank (free subscription required) Jan 11, 2012
Analysis
Turkey Short Note- First C/A deficit decline since October 2009
Erste Bank (free registration required) Jan 11, 2012
Analysis
CEE Fixed Income Daily: Romania - Successful T-Bill auction; Czech Republic - Consumer prices added 0.4% m/m in December; Turkey - Industrial production in November rose 8.4%
Erste Bank Research (free registration) Jan 10, 2012
Analysis
Turkey Gains Little, Ukraine Has Much to Lose in Ankara Backing Russian South Stream
Jamestown Foundation Jan 09, 2012
Analysis
Turkey: Deceleration, but of the healthy variety
Erste Bank (free subscription required) Jan 09, 2012
News
Turkey’s Former Military Chief Ilker Basbug Arrested in Coup Investigation
Bloomberg Jan 06, 2012
Analysis
CEE Weekly: Poland: No rate cuts? No bond buying!; Czech Republic: A challenging 2012; Romania: One more key rate cut?; Turkey: New regime switching policy keeps pressure up
Raiffeisen Research Jan 05, 2012
Analysis
Turkey: Not one, but two monetary policy regimes
Erste Bank (free subscription required) Jan 04, 2012
Analysis
Capacity Utilization: Economic activity remains strong as of fourth quarter
Seker Securities Dec 26, 2012
Analysis
Turkey Manufacturing PMI, Dec:Continues to fall as rates of output and new order growth slow further
Markit Jan 02, 2012
Analysis
Turkey: Treasury braced for challenging first quarter
Erste Bank (free subscription required) Jan 02, 2012
Analysis
Turkey Short Note: Encouraging export growth
Erste Bank (free registration required) Dec 30, 2011
Analysis
Turkey: CBT’s extraordinary action plan brings uncertainty!
Erste Bank (free subscription required) Dec 28, 2011
Blogs
Turkey’s AK Party: ‘Democratization Package’ to Free Expression
Wall Street Journal Dec 26, 2011
Analysis
Turkey: CBT set to sustain tight monetary policy
Erste Bank (free subscription required) Dec 27, 2011
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