How ‘Sustainable’ Are Turkey’s Ratings?

It has been almost a year since Turkey got an upgrade from a rating agency; but the last one-year has been also the most volatile period of the financial markets in Turkey since Lehman crisis.  Gezi protests, the last few months domestic political events as well as the  FED’s tapering have exerted pressure on the […]

What IMF Forecasts Tell Us: More of the Same

In an article dated January 24 in LongViewTurkey (http://longviewturkey.com/turkeys-monetary-policy-from-a-comparative-macroeconomic-data-perspective/) looking  data of 10 emerging economies between 2011-2013, we had arrived at comparative facts regarding Turkey.  Between 2011-2013, Turkey had The worst investment growth performance Mediocre consumption growth performance Outlier performance in ratio of consumption to investment Inflation that remains above EM average Policy rates that […]

Turkey’s Monetary Policy from a Comparative Macroeconomic Data Perspective

Usually, in LongViewTurkey we tend to avoid writing on regular data releases unless they have a long-lasting impact on the economy. MPC decisions by the Central Bank of Turkey is also something that we do not write on a regular basis, because we have been observing that lately discussing CBT’s policies has diminishing returns: Harder […]

DataTurkey: Entrepreneurship

Entrepreneurial Environment When talking about Turkey’s strengths, it is almost imperative that economists talk about the entrepreneurial spirit. It is widely believed that this entrepreneurial spirit helps Turkey to go through hard and volatile times. Yet, these talks barely pass beyond anecdotal evidence. In this post of DataTurkey, we look at international data to question […]

DataTurkey: Education

OECD announced the 2012 results of the Programme for International Student Assessment (PISA) last week and it was widely covered both in local and international media.  PISA is an assessment measuring the 15-year old school pupils’ scholastic performance on mathematics, science and reading and it is increasingly used as an indicator of education quality. Inspired […]

DataTurkey: Sustainability

Sustainable Competitiveness* Under the DataTurkey series in LongViewTurkey, we have been posting comparative data of 14 emerging economies (and one developed).  The aim was to focus on long-term development issues of Turkey that the financial markets tend to overlook, in line with the mission statement of the platform.  In addition to governance and gender gap […]

DataTurkey: Gender Gap

Inspired by the recently published WEF Gender Gap Report 2013, we have brought together Turkey’s data on gender equality compared to the 14 other emerging markets that we follow. As stated in the report, closing gender gaps is thus not only a matter of human rights and equity; it is also one of efficiency. Especially […]

DataTurkey: Governance

Governance indicators aim to reflect the capabilities and gaps of national governments in formulating and implementing sound policies.  Indices listed here from World Bank’s ‘WorldWide Governance Report’ and KPMG’s Change for Readiness 2013. World Bank’s ‘Worldwide Governance indicators report six broad dimensions of governance for 215 countries.  According to the definition given by World Bank, […]

Data Turkey: Energy

(Post edited on December 11 with WEF data on EAPI) World Economic Forum released ‘the Global Energy Architecture Performance Index (EAPI) Report 2014’ on December 11th.  The report introduces EAPI, which focuses on tracking specific and output-oriented indicators to measure the energy system of different countries. 18 indicators are aggregated into three baskets: Economic growth […]

Turkey Forecast Revision – October 2013

Revisions: * Despite the financial market volatility in 3q13, we are keeping 2013 GDP forecast at 4.1% as private consumption is rebounding faster than expected; but due to QE tapering, 2014 growth forecast is revised downwards… * TL forecasts are revised downwards both for 2013 and 2014 * Due to TL weakness in 3q13, we […]

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