Turkish economy grew by 4.8% in Q1 2015, above the consensus and our expectations of 4.4%. In seasonally adjusted terms, the economy expanded by 3% q/q. Household consumption expenditures, which generates two thirds of the GDP, continued to improve and posted a growth rate of…
After seven years of international sanctions, Iran is once again open for business. The end of sanctions is a lifesaver for the economy as billions of dollars’ worth of frozen Iranian assets were released. In addition, years of isolation and a lack of investment have…
The evolution of Turkey’s banking system in early 2000s was a lesson to be learned for any emerging countries, even for the developed ones. Following the 1994 crisis, Turkish financial system had come to settle in a fuzzy equilibrium with a large nominal stock of…
Credit impulse is an economic measure first introduced by Deustche Bank economist Michael Biggs. It is simply the change in new credit issued as a percentage of GDP. The conventional method measure used when associating developments in credit with developments in domestic demand is credit growth…
Turkey’s house prices bull market momentum as a consequence of years of negative real interest rates policy, which is somehow called tight by Central Bank of Turkey, is rapidly translating into positive economic data as illustrated not by the unemployment rate surging to 9.9% in…
On 29 Oct, Turkey celebrated the Republic Day and 90th anniversary of the foundation of the country. At the same day, Ugur Gurses, the columnist at Turkey’s daily newspaper Radikal, shared two must-see charts showing how economy made progress since the beginning, in a well-summarized…
The acronym for the association of five major emerging national economies, Brazil, Russia, India, China & South Africa, has been on of the most frequently used elements in the financial terminology for recent years. Now, the outlook for emerging economies is stabilizing due to approaching…
Private equity funds are collective investment schemes used for making investments in various equity securities according to one of the investment strategies associated with private equity. They can be can be used to capitalize new technologies, expand working capital within an owned company, make acquisitions,…