Bad news on the Turkish economy keeps coming, one after the other.
Turkey is again experiencing, in a much heavier manner, a disaster it has gone through before: Politicians are blatantly sacrificing the economy.
July inflation was generally in line with market expectations; thus annual inflation rates continued dropping. Annual inflation as of the end of July is at its lowest level for the past 26 months, even lower than May 2013, becoming 6.81 percent.
Burdens on the Turkish economy resulting from domestic political developments and rising conflicts have become heavier and heavier. Worst of all, people’s hopes about any possible improvement in domestic politics and gradually in the economy have been fading.
Global economic news coming to Turkey during the three-day Eid al-Fitr holiday were not good
With the first round of negotiations to form a coalition government having started, demands voiced by the business world have been increasing, mostly saying that a “broad-based coalition should be formed soon.”
Markets have not yet bought the risks that may emerge from the uncertainty of the domestic political process.
We have entered a period in the economy where risks have increased and markets will be full of volatilities.
Turkey reaped the benefits of the reforms it undertook in 2000 for ten years and with the help of the global climate, reached high growth rates
