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UĞUR GÜRSES

High growth under high interest rates

UĞUR GÜRSES writes:

The Turkish Statistical Institute (TurkStat) announced on Sept. 11 that Turkey’s economy grew over 5 five per cent in the second quarter of this year, just as it did in the first quarter.

Comment(s) 9/14/2017

Inflation at double-digits in Turkey

UĞUR GÜRSES writes:

The inflation data in August clearly proved that inflation is not solely caused by food, as we reached the highest core inflation rate in the last 12 years at 10.2 percent. Indeed, this core inflation rate has occurred in a year when the official inflation target is 8 percent.

Comment(s) 9/7/2017

How was the bar lowered for Turkey’s national income goals?

UĞUR GÜRSES writes:

Deputy Prime Minister Mehmet Şimşek’s recent tweet on the size of Turkey’s economy blatantly “trolls” those who are closest to him. Following his tweet, which referred to the country’s purchasing power parity (PPP), Prime Minister Binali Yıldırım joined the chorus of those proclaiming that “we have attained our 2023 goals.”

Comment(s) 9/1/2017

Should homeowners pay the price for Turkey’s black economy?

UĞUR GÜRSES writes:

It is obvious that the housing industry is facing problems. The unmeasured increases in estate taxes in some places have already added to these problems

Comment(s) 8/3/2017

What is going on with Turkey’s gold trade?

UĞUR GÜRSES writes:

A peculiar picture has again appeared in Turkey’s gold trade. The export and import of gold bars with the United Arab Emirates (UAE) is at the center of this peculiarity.

Comment(s) 6/22/2017

Record rise in Treasury’s cash deficit

UĞUR GÜRSES writes:

In the fiscal discipline that Ankara is quite proud of, there has been a remarkable erosion that was especially prominent in March. As we approach the referendum, public expenditures are peaking.

Comment(s) 4/13/2017

The ‘bridge’ of Central Bank undergoing rapid change

UĞUR GÜRSES writes:

One of the six members of the Central Bank board, Ahmet Faruk Aysan, has quit just before the annual general assembly of the Central Bank.

Comment(s) 4/7/2017

Putin suggests ‘Mir’ payment system for Turkey

UĞUR GÜRSES writes:

Russian President Vladimir Putin, during President Recep Tayyip Erdoğan’s Moscow visit, brought a proposal that Turkey should build the infrastructure of the “Mir” payment system of Russia. Is this possible?

Comment(s) 3/14/2017

Pawning of assets fund

UĞUR GÜRSES writes:

Wealth funds are set up in countries that are rich in natural resources, such as oil, with the aim of carrying the public wealth accumulated today and in the near future to the future, in other words, to the grandchildren. The aim is to carry today’s wealth to the future, to next generations.

Comment(s) 2/8/2017

The Turkish Lira exchange rate says it all

UĞUR GÜRSES writes:

The foreign exchange rate is not just an economic parameter, it has been a central data issue for Turkey for at least a quarter of a century

Comment(s) 1/12/2017

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