As of late, the Turkish government has been busy trying to stimulate the economy. It has applied many tools: selective tax breaks, providing more expensive credit to consumers, restructuring loans, cutting loan and saving’s rates, playing with reserve rates, trying to bury NPLs in zombie vehicles to free up […]
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Religion Overload: how the urban savvy YZ’s are not attracted to stricter religion pushed by the Turkish State
Over the past decade or so, the Turkish state’s policy of pushing a more conservative style of Islam for the savvy Generation Y and Z population has backfired especially in its mid to larger city centers throughout much of Turkey. This clearly the case in Istanbul and Izmir where […]
Where is Turkish Inflation going from here?
Last year saw inflation jump considerably high in Turkey due to a number of internal and external issues. The Turkish Central Bank used many tools to curb inflation and support the currency even with intense political pressure against its policies. Today, the original group who fought off inflation have […]
Easy Money
Easy money and the carry trade seem to be the only quick fix for the Turkish economy to emerge from a slow down. With political friction, self interest, the Syrian issue, NPL, unemployment, transparency issues, CB, S400, and many other smaller problems, the economy will continue to be soft […]