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Tag Archives: IMF

Turkey Pays Off IMF Debt, Becomes Contributor

After paying down debt rapidly for several years, this week saw Turkey enter a debt-free relationship with the IMF after 19 years as a debtor. It made for big news in 2008 when Turkey failed to enter a new standby agreement with the IMF signalling its confidence and desire to...

Posted on 16 May 2013

Turkish Economy to Grow 7.8% in 2010 says IMF

The International Monetary Fund has just upgraded Turkey for the second time in 12 months, but it is still giving a very conservative projection. The IMF increased their 3.7% 2010 growth forecast made in October 2009, to a forecast of 5.2% in April this year. They have now increased this...

Posted on 07 October 2010

Turkish Economy Powering Out of Recession

The Turkish Trade deficit doubled from $2.4 billion to $5 billion in March, according to the latest data from Turkish statistical institute Turkstat. The widening is being seen as a positive sign, because it is based manufacturing companies increasing their purchases of raw materials as they ramp up production, on...

Posted on 01 May 2010

Turkish Property Benefits from Economic Strength

Turkey is finally getting the attention it deserves, as its economy powers out of recession among the strongest in Europe. Thursday saw a senior International Monetary Fund official announce that Turkey weathered the global economic recession successfully. "We believe that Turkey has weathered the crisis successfully," said Caroline Atkinson, director...

Posted on 16 April 2010

These are Important Times in the History of Turkey

These are important times for Turkey, historic even. A Turkey, not only standing on its own two feet without IMF assistance, but looking proficient in, and highly capable of, doing so for the long haul. Of course, negotiations have only been terminated in the past two weeks, but Turkey has...

Posted on 25 March 2010

International Investors Show Confidence in IMF-Free Turkey with their Wallets

Thursday saw Turkey successfully sell $1 billion of 11-year dollar bonds at the lowest yield on record, the Treasury has said. The yield of the bonds is 2.03 percentage points above US treasures, the lowest ever cost the republic has ever borrowed at through the sale of securities. The yield...

Posted on 13 March 2010

Turkish Industrial Production in 12.1% Annual Growth in January – Turkstat

Turkish industrial output was up 12.1% year on year according to the latest data released by Turkstat. This compares to a growth of 1.5% in European Union industrial production over the same period. Calendar adjusted industrial production in Turkey increased by 16.1% year on year, and by 0.3% month on...

Posted on 12 March 2010

Turkish Economy to See Growth Boosted by New IMF Deal in 2010

The Turkish economy is predicted to grow by around 5% this year. A whole slew of analysts and brokers at investment funds, research groups and banks have forecast growth of between 4 and 7%, with 5.2% being the average forecast from the reports I have read. The International Monetary Fund,...

Posted on 14 January 2010

Turkey and Brazil Agree Strategic Alliance

Turkish foreign minister Ahmet Davutoğlu has announced a new strategic partnership with Brazil. Speaking with his Brazilian counterpart Davutoğlu said: "I believe that Turkey-Brazil relations would make major contributions to global and regional peace," Davutoğlu said adding that Turkey and Brazil had no political or economic problems between each other....

Posted on 05 January 2010

Turkish Stocks Upgraded to Overweight by JP Morgan Chase & Co

Turkish stocks have been upgraded from neutral to "overweight" by major investment group JPMorgan Chase & Co. The group believes that the Turkish economy will recover faster than most emerging markets in 2010, though Turkish economy minister Ali Babacan's statement that a deal with the International Monetary Fund was on...

Posted on 03 December 2009