What's new

Turkish Economy - News & Updates

What is the driving force behind Turkish Economic problem?

  • The on going Trump attack on Turkish Economy

    Votes: 29 19.9%
  • Jewish Agenda to weaken adjacent countries to Israel

    Votes: 36 24.7%
  • Internal Turkish economic problems

    Votes: 50 34.2%
  • Falling Exports for Turkey

    Votes: 5 3.4%
  • Loss of Tourism income for Turkey

    Votes: 1 0.7%
  • External Loans or Debt impacting Economy

    Votes: 25 17.1%

  • Total voters
    146
When people migrate from Antalya, Kayseri, Gaziantep, Trabzon... to Istanbul for work then there is something wrong.
 
Of course, especially in the south and southeast.
The PKK terror caused an underdevelopment in that region but now that the PKK is almost gone and the region is safe, we can heavily invest in there instead of wasting our money with unnecessary projects.
 
https://www.hurriyetdailynews.com/turkeys-external-assets-hit-251-4-bln-in-february-154030

So the way I understand we got foreign debt of 584 billion USD. That's a lot and our GDP stands at around 771 billion USD. External assets are at 251 billion USD.

I'm a person who don't like debt, so I would prefer if we brought foreign debt way below the value of our external assets.

our GDP peaked in 2013 and is now steadily going down it seems. The consequences of corona still hasn't shown its ugly face.
 
I found this article to be an interesting reading materiale, also the last part about giving people incentive to reuse their old things and not just throw it away would make vocational schools good target for these old products. Students could fix recycle and save the world at the same time.
 
Turkish Lira is losing value and has been for a while against pretty much all the big currencies. Has its advantages, like Turkish products are cheaper to buy for the export markets but also disadvantages because Turkish companies and even the country itself has loans in € or Dollar that need to be paid back, that are becoming pricier by day.

To give you an example some Turkish football clubs have their debt in Euro and the value or Euro vs. Lira has gone up from 2 to 6 or 7 in the last couple years. While the income is pretty much the same and in Lira, which is now worth less. So debt from some of these clubs has gone up from 500m Lira to a couple bln Lira.

This can be good for export oriented companies but as Turkey is in most industries a net-importer of goods, we're gathering more and more debt all over the economy.

In order to stop the fall the central bank is buying/selling dollars, euros, Lira (thus "burning" /spending the central bank reserve) to stop the decline. They are trying to keep the Lira/Dollar below 1:7.

Don't know if this is understandable, English is not my first language and neither did I learn economics in English.
 
Turkish Lira is losing value and has been for a while against pretty much all the big currencies. Has its advantages, like Turkish products are cheaper to buy for the export markets but also disadvantages because Turkish companies and even the country itself has loans in € or Dollar that need to be paid back, that are becoming pricier by day.

To give you an example some Turkish football clubs have their debt in Euro and the value or Euro vs. Lira has gone up from 2 to 6 or 7 in the last couple years. While the income is pretty much the same and in Lira, which is now worth less. So debt from some of these clubs has gone up from 500m Lira to a couple bln Lira.

This can be good for export oriented companies but as Turkey is in most industries a net-importer of goods, we're gathering more and more debt all over the economy.

In order to stop the fall the central bank is buying/selling dollars, euros, Lira (thus "burning" /spending the central bank reserve) to stop the decline. They are trying to keep the Lira/Dollar below 1:7.

Don't know if this is understandable, English is not my first language and neither did I learn economics in English.
Yes I got it . Thank you man
 
Plus it’s in EU, so easier to sell cars. But ad long ad we have battery production.
 
EWw1RjaXYAIdIzH.jpg
 
Turkish Lira is losing value and has been for a while against pretty much all the big currencies. Has its advantages, like Turkish products are cheaper to buy for the export markets but also disadvantages because Turkish companies and even the country itself has loans in € or Dollar that need to be paid back, that are becoming pricier by day.

To give you an example some Turkish football clubs have their debt in Euro and the value or Euro vs. Lira has gone up from 2 to 6 or 7 in the last couple years. While the income is pretty much the same and in Lira, which is now worth less. So debt from some of these clubs has gone up from 500m Lira to a couple bln Lira.

This can be good for export oriented companies but as Turkey is in most industries a net-importer of goods, we're gathering more and more debt all over the economy.

In order to stop the fall the central bank is buying/selling dollars, euros, Lira (thus "burning" /spending the central bank reserve) to stop the decline. They are trying to keep the Lira/Dollar below 1:7.

Don't know if this is understandable, English is not my first language and neither did I learn economics in English.
It's 7.04 today....they burned billions for nothing...
 
The turkish economy isn't doing so well, we don't have a lot of USD reserves. Which limits our options with regards to foreign pressure on TL, but by preventing the outflow of TL, the government is trying to stem the need for printing more TL.

RTE and AKP crazy spending in the previous years including global factors as well as regional factors just culminate here in 2020. I think there is a chance of defaulting on debts.

Albayrak is not reliable he is in family with Erdogan, so he'll be lying.
 
Back
Top Bottom