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A pessimistic assessment on Europe
Even a limited downturn in Europe might risk 4 percent growth in Turkey. Industrial output figures for November will have been announced when you read these lines.…
Build your own satellite at home
It is good that Turkey has launched a satellite for military purposes, designed the satellite domestically and started envisioning . “Do-it-yourself” has always been a…
Why is land so important for Turks?
We have not had major structural reforms in the last 10 years. This is the basis of our fascination with land ownership I have been thinking about the Turkish…
Inflation outlook from a different perspective
It is hard to overcome the rigidity and Turkey generally was unable to overcome it. As a result, inflation rate commonly exceeded the target, damaging confidence. The…
Is the construction frenzy necessarily bad for industry?
If Turkey abides by the same 1930s’ mentality in urban transformation policy, it cannot overcome the middle income trap. No, it is not. For a while now, I have been…
Negotiations with the PKK and Erdoğan’s difficulties
Erdoğan is faced with the dilemma of his ambition to become president and the bargaining with the PKK. Prime Minister Recep Tayyip Erdoğan officially announced that…
Though the picture seems complex, it is not
In the third quarter of 2012, Turkey’s economy grew by 1.6 percent. It appears that the fourth quarter will not be worse than the third in terms of growth performance.…
Let 2013 be the year of a new constitution
I am of the view that we should count on the judgment of the people. 2013 must be the year of a new constitution. The politicians must keep their promise. Having entered…
Better keep optimistic at the beginning of the year
There are critical questions, but I will only give the good news today. Happy new year! During the last commentary of 2012, I tried to assess the year from different…
The same old phenomenon
Macroeconomic stability is not the only factor that attracts foreign funds. The risk appetite also must be strong. It is possible to draw two contrasting pictures. On…
Egypt’s referendum that never was
Egypt is still divided and the voter participation rate revealed by the ballot box was only in the thirties. Both Turkey and Egypt have set up constitutional commissions…