Turkish exports hit record October high
Türkiye's exports increase to $22.9 billion, an all-time high for October, trade minister reveals as imports increase to $29.6 billion while the 12-month rolling exports hit record high of $254.8 billion.
US economy grows in third quarter
The United States (US) economy grew by 4.9 percent in the third quarter of this year, above expectations.
Critical visit to Türkiye by German Economy Minister
German Economy and Climate Minister Robert Habeck will pay a visit to Türkiye on October 25. The focus of the German minister's visit to Türkiye will be on the economy and energy. With this, Habeck will meet many Turkish ministers on his visit.
US budget gap soars to 1.7 trillion dollars
The United States(US) federal government's budget deficit increased by 23 percent in fiscal year 2023 compared to last year, rising to 1.7 trillion dollars. US Treasury Secretary Janet Yellen said the country's economy has maintained its resilience despite global negativities.
Good news for Turkish economy from EBRD
The positive atmosphere that emerged after the steps taken by the economic administration is rapidly changing the expectations for the Turkish economy. After Moody's and IMF, the European Bank for Reconstruction and Development (EBRD) also revised its growth forecast for Türkiye. The Bank raised its growth forecast for the Turkish economy for 2023 to 3.5 percent.
Economic crisis in Argentina growing
Annual consumer inflation in Argentina rose to 124.4 percent in August, reaching its highest level since 1991. With this figure, the rate of those below the poverty line in Argentina exceeded 40 percent. The annual inflation forecast of the Central Bank of Argentina (BCRA), which was 141 percent, was updated to 169 percent after the latest data was released.
Sanction decision from US to Turkish companies
The United States Treasury Department has imposed sanctions on Turkish companies and citizens for violating sanctions against Russia. Speaking to Reuters, the US official said it had imposed sanctions on five Turkish companies and one Turkish citizen.
Global concern report from Fitch Ratings
Fitch Ratings, the international credit rating agency that signed an important decision regarding Türkiye's credit rating outlook, issued a global concern report. Fitch made downward revisions for China and Europe and raised Türkiye's growth forecast.
New comment from Fitch on Türkiye's credit rating
New comments came from Fitch Ratings, which raised Türkiye's credit rating from negative to stable. Erich Arispe Morales, senior director of the organization, stated that Türkiye's monetary policy is much more consistent and increased expectations for a further increase in the credit rating.
Saudi Arabia's new economic move to Türkiye
A new move has come for the 30 billion dollar trade volume target between Saudi Arabia and Türkiye. Approximately 80 people, consisting of representatives of nearly 65 Saudi Arabian companies, will be in Türkiye between October 8-12.
Moody's positive assessment for Turkish economy
Credit rating agency Moody's made a statement on Türkiye. Moody's stated that the post-election change in Türkiye's economic policy is clearly positive for the credit rating. With this, Moody's will not formally review Türkiye's credit rating until December, but Fitch will review its rating on Friday, followed by S&P Global later in the month.
Moody's positive forecast for Turkish economy
International credit rating agency Moody's raised its growth forecast for the Turkish economy from 2.6 percent to 4.2 percent this year and from 2 percent to 3 percent next year.
Türkiye statement from IMF about possible visit
The International Monetary Fund (IMF) made a statement regarding its visit to Türkiye at the end of September. In the statement, it was stated that the technical team of the visit will be carried out within the scope of preparation for the Article 4 consultation that it is a routine visit, and that Türkiye has not requested any financial support.
'Trade between Türkiye-UAE to be strengthened'
Turkish Trade Minister Omer Bolat emphasized that they will work to increase bilateral trade relations between the two countries after his meeting with Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade of the United Arab Emirates (UAE).
First in Dutch economy after Covid-19 epidemic
After the first quarter of the year, the Dutch economy shrank in the second quarter and entered a recession. The decline in consumer spending and exports are thought to be the two most important factors causing the recession.
FED minutes released, inflation at risk
The minutes of the last meeting of the US Federal Reserve, in which the Fed raised interest rates by 25 basis points to a 22-year high of 5.25-5.50 percent, were published. Fed officials drew attention to the upside risk in inflation, which may require further tightening of monetary policy.
China's economic problems continue to mount
Economic problems continue to grow in China, while debt problems in the real estate sector remain on the agenda, while the Central Bank cut interest rates, the yuan declined against the dollar. The National Bureau of Statistics did not share statistics on high unemployment.
Türkiye sold tea to 109 countries in 7 months
Ahmet Hamdi Gurdogan, Vice Chairman of the Board of Directors of the Eastern Black Sea Exporters Association of Türkiye, announced that they earned 17 million 182 thousand 55 dollars in the January-July period of this year and exported 3 thousand 576 tons of tea.
China's export rate falls to three-year low
China's exports and imports, the world's second-largest economy, fell less than expected last month as global demand waned.
'Maastricht criteria' at JP Morgan meeting
The Turkish economy management gave its first test in front of foreign investors. Turkish Treasury and Finance Minister Mehmet Simsek, who attended the investor meeting with JP Morgan, emphasized that the Maastricht criteria will be approached in the new period.