Sub Categories: » HOMEPAGE / OPINION/ EMRE DELİVELİ
Tuesday, September 13 2011 , Your time is 15:58:00
If you thought my last column painted a gloomy picture of the Turkish economy, you should know that you didn’t see even half of it.
The Turkish Lira hit new lows this week, whereas government bond interest rates were at their highest levels since the global crisis.
I learned the basics of America’s favorite pastime only when the Red Sox were on their way to break the Bambino’s curse in 2004
Many Turkey analysts and economists interpreted the U.S. central bank Federal Reserve’s (Fed’s) decision to keep its policy rate on hold on Sept. 17 as something positive for the Turkish economy and assets.
Every few weeks, a journalist calls me up to talk about the economics of Syrian refugees.
Apple unveiled several products on Sept. 9, but the star of the attraction was of course the latest iteration of its iPhone. You can make several economic observations about the multinational tech giant’s smartphone
At first look, yesterday’s Turkish data releases seem to have discredited two-thirds of my last column, where I argued the economy was in a dangerous mix of slowing growth, persistent inflation and a stubborn current account deficit.
Last week’s data exposed the economy’s “trio of challenges.” For one thing, Markit’s purchasing managers’ index (PMI), which was released on September 1, fell below the critical 50 threshold in August, “signaling an overall deterioration in business conditions at Turkish manufacturers.”
Ali Babacan, who was the Justice and Development Party’s (AKP) economy tsar for more than a dozen, uninterrupted years – except for a brief stint as foreign minister – left his post last week with the formation of the election government.
A reader asked me not to write about “useless topics” such as summer book recommendations, the relationship between democracy and growth and the economics of weed or love- and “show him the money” instead.
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