Q2 Recap: Economy Regaining Momentum
Turkish economy has appeared to be regaining momentum and followed the path of recovery after a dismal record in the second half of last year. After 1Q17 when Turkey posted a growth rate that exceeded expectations, economic indicator overall suggested the continuation of the economic upswing and we now estimate that Turkey will post another...
Why Inflation May Not Fell to Single-Digit Figures This Year
The following is an update about April inflation print in Turkey (source: Hurriyet Daily News):
Turkey’s annual inflation rate increased in April, reaching its highest level in around nine years, as a result of a weak Turkish Lira in several sectors, according to official data released on May 3.
Consumer prices in Turkey rose 11.87 percent year-on-year...