Turkish Economy - News & Updates

[Bismarck]

It should be much less than the trade deficit Turkey has with Germany.

Oh really. We are Turkeys most important trade partner. Most FDI come from Germany. Most tourism income come from Germany. Turkeys most foreign companies come from Germany.

Now, it’s your turn.

This one is pretty cool.

Compare this: http://www.mfa.gov.tr/turkey_s-commercial-and-economic-relations-with-china.en.mfa

With this: http://www.mfa.gov.tr/commercial-an...ey-and-the-federal-republic-of-germany.en.mfa

 

[what]

Actually the Dutch have more FDI right now, but yeah Germany is important for the Turkish economy.

 

[KingWest]

Belgiums most renewed business newspaper has published an article about an impending Turkish recession. Main conclusion: hopefully the sanity will come to the government soon. Otherwise a recession is a sure thing, maybe it is even to late.

 

[TaiShang]

Oh really. We are Turkeys most important trade partner. Most FDI come from Germany. Most tourism income come from Germany. Turkeys most foreign companies come from Germany.

Now, it’s your turn.

This one is pretty cool.

Compare this: http://www.mfa.gov.tr/turkey_s-commercial-and-economic-relations-with-china.en.mfa

With this: http://www.mfa.gov.tr/commercial-an...ey-and-the-federal-republic-of-germany.en.mfa

Your investments are not out of good heart. They are for profit. Once the Turkey market dries up, your investment will run away in no time.

The fact is: Germany gives Turkey its largest trade deficit.

China gives Turkey credits (again, not out of good heart, but for profit and win-win, although I do not think the Turkey government will spend that money wisely).

 

[kartal1]

https://twitter.com/x/status/1027557745816469505

 

[Adıvar]

China gives Turkey credits (again, not out of good heart, but for profit and win-win, although I do not think the Turkey government will spend that money wisely).

Do you know what the interest rate is for the credit to Turkey?
http://www.atimes.com/article/turkey-seeks-financing-from-china-says-erdogan/

 

[Offshore]

Do you know what the interest rate is for the credit to Turkey?
http://www.atimes.com/article/turkey-seeks-financing-from-china-says-erdogan/

solid 8%

 

[Bismarck]

Your investments are not out of good heart. They are for profit. Once the Turkey market dries up, your investment will run away in no time.

The fact is: Germany gives Turkey its largest trade deficit.

China gives Turkey credits (again, not out of good heart, but for profit and win-win, although I do not think the Turkey government will spend that money wisely).

Can you give us some numbers?

 

[Adıvar]

solid 8%

IMF charge around 3%...

 

[Baybars Han]

Ekonomi batti, simdi zil takip oynasin erdogancilar.

 

[Killuminati]

https://twitter.com/x/status/1027557745816469505

World is tired of dollar

 

[Offshore]

IMF charge around 3%...

3% with dollar
your currency Down 30% and soon Will reach 50%
And dont forget IMF famous string attached privatization.

 

[TaiShang]

3% with dollar
your currency Down 30% and soon Will reach 50%
And dont forget IMF famous string attached privatization.

Yes, IMF credits come with structural adjustment proposals, which, I guess Turkey did post-2001 and the next 10 years of not-so-bad growth was thanks to the very bitter program Turkey carried out under the previous government.

But, the previous government paid the price for being pragmatist, and the following Islamist government (current one) both took advantage of the growth and also plundered it for more than a decade.

Now, there is yet another, bigger crisis right at the door.

Worse yet, back in 2001, Turkey foreign policy was normal, or even outstanding, hence relations with right and left of global politics were good.

Now there is hardly any meaningful country left for Turkey to weather this storm. And Turkey is not China or even Iran, a little sanctions or even warning by the US will bring its economy into a total collapse.

Turkey is not a sincere actor. Not any more. Neither China/Russia, nor US/NATO can trust it. Only take advantage of it. Which is sad. What is left for Turkey is countries like Somalia in which the current president goes to pick up some little boys to adopt or build some mosques.

Turkey used to be one the textbook example of good, balanced foreign policy.

Economy is never separate from foreign policy, especially from neighborhood policy.

 

[Islamic faith&Secularism]

Yes, IMF credits come with structural adjustment proposals, which, I guess Turkey did post-2001 and the next 10 years of not-so-bad growth was thanks to the very bitter program Turkey carried out under the previous government.

But, the previous government paid the price for being pragmatist, and the following Islamist government (current one) both took advantage of the growth and also plundered it for more than a decade.

Now, there is yet another, bigger crisis right at the door.

Worse yet, back in 2001, Turkey foreign policy was normal, or even outstanding, hence relations with right and left of global politics were good.

Now there is hardly any meaningful country left for Turkey to weather this storm. And Turkey is not China or even Iran, a little sanctions or even warning by the US will bring its economy into a total collapse.

Turkey is not a sincere actor. Not any more. Neither China/Russia, nor US/NATO can trust it. Only take advantage of it. Which is sad. What is left for Turkey is countries like Somalia in which the current president goes to pick up some little boys to adopt or build some mosques.

Turkey used to be one the textbook example of good, balanced foreign policy.

Economy is never separate from foreign policy, especially from neighborhood policy.

The only part that has my interest is the bolded which is self-explanatory enough for your deep knowledge, but still I would like to ask:

What is your claim based on?

 

[Adıvar]

3% with dollar
your currency Down 30% and soon Will reach 50%
And dont forget IMF famous string attached privatization.

So?
RMB against USD is stable for years.