Deputy Prime Minister Mehmet Şimşek, who is in charge of economy, has carried on his main duty of calming down the markets.
As the 2018 budgets for big banks have been determined, forecasts regarding their macro goals and credit-deposit relations are surfacing. Actually, we can say these forecasts apply to all companies working on big budgets.
Global financial developments are continuing on a positive trend for developing countries like Turkey. It is not clear how long this will go on, but the markets seem quite happy in the first month of the New Year.
It is widely expected that the Turkish economy will struggle on multiple fronts in 2018. What’s more, the prospect of a rise in populist decision-making in order to overcome these difficulties might disrupt the balances even further.
You will come across many economic predictions and opinions for 2018. I, personally, expect peace and serenity to dominate the climate and give way to the economy itself.
“With this current bureaucracy, it’s good that this ship is even sailing,” said a representative of the private sector following intense meetings with public officials.
Statements from the World Bank and rating agencies were made over the weekend regarding Turkey’s economic performance. I believe it would not be wrong to read these statements as “Economic warnings for 2018 from international economic circles.”
Businesspeople care about the following issues: Future foreign exchange rates, the outcome of the Reza Zarrab case, possible sanctions imposed on Turkish banks and potential repercussions from the S-400 missile-defense system purchase from Russia.
Last week the Turkish Industry and Business Association (TÜSİAD) warned Ankara about certain negative developments currently taking place. Its criticism also touched on the effects of recent economic and political mistakes.
