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Policy uncertainty is bad for the recovery process.
Policy uncertainty does not necessarily follow from political uncertainty. Political uncertainty implies that it is not certain who will govern. On the other hand,…
Swinging the lead
An inflation targeting regime that takes into account the real value of exchange rate after ensuring a low level of inflation. A regular foreign exchange purchase…
Estimating the past
Turkey's economy did not grow in the first quarter compared to the previous quarter. Last Thursday I made an assessment about economic growth for the second quarter as…
Soul mate of Turkey is Mexico.
Have you recently taken a look at Mexico's economy? I decided to do so after a recent meeting in Washington D.C. where the name of the Mexico came up frequently. For the…
All we need is courage
I guess most of you are aware that the wave of optimism of the late 2009 that the world economy will recover and growth rates will reach to reasonable levels is not felt…
How come was Turkey offside about Iran issue?
The idea was neither Turkey's nor Brazil's. I remember writing about this some time ago. The idea belonged to Egyptian Muhammad Al Baradei who was the President of the…
Second quarter will go well; but then what?
Today I am interested in the future growth performance of Turkey. At the first stage, I will focus on recent data and try to find out whether or not there will be a…
Why is the price reduction in electricity withdrawn?
Last week was quite entertaining. First, price of electricity were reduced. The next day, the reduction was withdrawn. And then, electricity price was raised. As the…
Dual-character growth performance, again
Yesterday growth rate for the first quarter was announced. As expected gross domestic product (GDP) increased significantly compared to the same period in the year…
Why did the Chairman of the Joint Chiefs of Staff bring attention to public debt?
No, not ours. Here in our country, even the decisions that the Chief of Staff make in their own fields of expertise are questioned by the media. But I'm not going to…
Just before growth rates are announced
On Wednesday growth rates for the first quarter of 2010 will be announced. The figures will suggest that Turkey's economy grew quite rapidly compared to the same period…
Does the digestion capacity of the EU decrease day by day?
Recently it was announced that the European Union's (EU) statistics agency Eurostat will be furnished with a broader set of authorities to be able to audit the budget…