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What the Ankara subway construction made me think…
When designing and implementing economic policies, “potential future budget deficits” must be taken into account. Now it is way easier to explain the troubles high…

Turkey has to strengthen its middle class
The key challenge is to enrich the people and strengthen the middle class. Without a strong middle class, Turkey cannot become a high-income country. When I was born, we…

Second quarter’s growth outlook becomes clearer
It is highly probable that slow growth – zero or negative growth when adjusted to population growth – has pertained in the second quarter of the year. The latest data on…

Turkey is among the top 100 countries that disrespect women
If Turkey could improve its female labor force participation rate to that of South Korea, it could have a national income of $1.1 trillion today. What is the main…

Does Turkey always have to sacrifice growth?
Isn’t it a major weakness for Turkey to sacrifice growth in order to ease its current account deficit? The economy slowed down drastically in the first quarter of the…

Why don’t women work in Turkey?
Women in Turkey do not work. I think that our cities are simply not women-friendly environments. Women in Turkey just don’t work. Our country has the lowest female labor…

On inflation
If price of crude oil does not change, the future performance of inflation will depend on the exchange rate developments. In recent commentaries, I assessed economic…

Perhaps we should invite Greek’s youth to Turkey
Yes, two Greeks make one German in terms of productivity. But two Turks hardly make a Greek. The world has been changing constantly. Even the meaning of what people who…

Is the second quarter different from the first? (2)
If the downturn in the index is over, is this sufficient evidence that economic recovery has started as of the second quarter? Figures suggest that first quarter’s…

Is the post-al-Assad era important?
Political targets which are not clarified at the beginning would break down allies as time passes. The conflicts in Syria are turning out to be a civil war. The number…

Is the second quarter different from the first?
It would not be a surprise if Q1 growth falls below 2 percent. More importantly, figures imply that Q2 growth might not be any different, either. Gross domestic product…

How to deliver goods from Cairo to Tunisia?
Turkey can change its fate only by diversifying trade activities towards the east. But of course, trade diversification is not an easy task. How do you deliver goods…