Grate Expectations

Economy Issue #27

Welcome back! We aim to be your happy place this week, even when it comes to the US election. That’s right, the Turkish economy actually came out on top on election night, with the lira becoming the only emerging market currency to gain, and Borsa İstanbul the highest riser among markets.

International traders help keep the vibes positive as the $100b trade volume target set between Washington and Ankara during the previous Trump era in 2019 seems “closer” to the Turkey Exporters Assembly (TİM). See, happy place!

In this week’s edition:

1. Unstoppable Reis of CPI: Consumer prices trending up

2. Come in with the rate: Re-adjusting rate expectations

3. FDI: Cash flow monitor

4. This week’s stat round-up

Erdoğan called Trump “my friend“ in a Nov. 6 celebratory message. © IHA

Unstoppable Reis of CPI: Consumer prices trending up