The Real Effects of External Debt on Turkey
One basic problem of Turkish economy is that the large current account deficit which is expected to equal to 4.5% of total Gross Domestic Product at the end of this year. When this is the case, the short term capital inflows and foreign direct investments (FDI) in the country becomes crucially important (Recently we published a post about the outlook of FDI in Turkey). That said, short terms capital flows into the country has come into prominence as...
Turkey Current Accout Deficit Widens in September
September’s current account deficit surprised the market to the upside at $3.28bn; the 12-month rolling current account deficit is likely to continue to widen. With this outcome, the gap in the first nine months of the year becomes $49bn, which compares unfavorably with the deficit seen in the same period of 2012 ($38bn). Market consensus error was due to higher than expected gold imports.
There are some developments are worth noting...
Foreign Investors’ Behaviors in Turkey
Tracking the foreign investors’ behaviors is the perfect guidance when it comes to investing in Turkish assets. This is also explaining the asset prices hit the top where non residents’ holding of assets makes a boom, in contrary, the market dips where non-residents turn out to be bears.
According to the Central Bank of Turkey data, the amount of cash flows into Turkish markets hit six-month at the end of week ending 25 Sep 2013....