TR Economy & Updates

[Turko]

FED starts pushing break.
So it means less money in the world.

The Federal Reserve on Wednesday unveiled its plan to slow asset purchases implemented during the pandemic beginning this month.

 

[Saithan]

Türk Telekom’s subsrcipton base expands to 51.4 million - Latest News

The number of Türk Telekom’s subscribers rose to 51.4 million, while the company revised up its revenue, profit and investment forecasts for 2021, according to the company’s third-quarter results announced on Nov. 3.

www.hurriyetdailynews.com

 

[Lool]

Wasnt Erdo cleaning the state institutions from all those who opposed his views
Why on Earth was he appointed as an advisor in the Finance Ministry?

https://twitter.com/i/web/status/1455449039164649476

 

[Ravenman]

Türk Telekom’s subsrcipton base expands to 51.4 million - Latest News

The number of Türk Telekom’s subscribers rose to 51.4 million, while the company revised up its revenue, profit and investment forecasts for 2021, according to the company’s third-quarter results announced on Nov. 3.

www.hurriyetdailynews.com

I have fiberglass internet at home from Türk Telekom. Its very and very fast, even faster than my mobile internet from Vodafone.

The only thing that Türk Telekom needs to change is the cable infrastructure. Jezus they give you two modems, a big one as a main modem and a second one for the fiberglass and its a jungle of cables. Its look like a mess behind my tv.

 

[Ravenman]

One can pump more blood through clogged arteries....doesnt fix the clogging much tho...you just get more pressure and localised blood velocity....but that does not do much good to the body.

Declogging arteries.....needs structural reform stuff.....the only one I see here is the tax rate cut on lower brackets (so long as it doesnt create more debt by increasing the budget deficit).

Money is circulated far more efficiently (in most cases) by the people in the end...compared to govt. Especially for the individual's personal responsibility + economic matters of day to day.

A govt must have extremely good reason to take money from people (the purpose must be collective public welfare, security, infra, justice oriented and be well designed + managed on it)

Raising minimum salaries isnt the solution. Business owners have to pay more salaries then for their staff, so they will raise the prices fir consumers.

De-dollarisation is the solution. We still trading 95% in dollars with the foreign world. We must increase trade in TL and sign currency swaps like Russia and China. And our Central Bank must buy gold, gold, gold and more gold.

 

[Tornadoss]

I have fiberglass internet at home from Türk Telekom. Its very and very fast, even faster than my mobile internet from Vodafone.

The only thing that Türk Telekom needs to change is the cable infrastructure. Jezus they give you two modems, a big one as a main modem and a second one for the fiberglass and its a jungle of cables. Its look like a mess behind my tv.

Well, my family has ttnet at home. There is no fiber infrastructure where they live, they say internet speed is up to 16Mbps yet we have never seen over 5Mbps. Mostly around 2-4. And last year someone crushed the pole carrying cables to the apartment, they cut the cable because it was in the middle of the road. And they didn't fix it for more than a month. When I was in Karaburun/İzmir and Dilek Yarımadası National Park/Aydın, they charged me for international call. Apparently, a Greek phone operator has a stronger signal in Turkey than them. Overall their service suck. There are many complaints about them. The advantage they currently own most of the infrastructure due to being a state-own company prior. And still, most of the other companies are using their infrastructure.

 

[TheInsider]

According to the latest estimates, Türkiye will grow over %10 this year. The first export data shows that the strong export performance of the real sector will continue in November.
Moodys also updated the growth forecast of Türkiye from %6 to %9.2.

Moody's Türkiye büyüme tahminini güncelledi

Uluslararası kredi derecelendirme kuruluşu Moody’s, Türkiye ekonomisi için 2021 büyüme tahminini yüzde 6'dan yüzde 9,2'ye çıkardı. Türkiye ekonomisinin 2022 yılına ilişkin büyüme beklentisinin de yüzde 3,6'dan yüzde 4,8'e çıkarıldığına işaret edilen...

www.bloomberght.com

According to Moodys, the inflation rate will be %16.4 next year. (I highly doubt that. IMHO it will be around %20 by the end of next year. It might be worse than this year in the first half of 2022)

 

[the]

https://www.invest.gov.tr/en/library/publications/lists/investpublications/turkey-foreign-direct-investment-strategy-2021-2023.pdf

https://www.oecd.org/investment/investment-policy/FDI-in-Figures-October-2021.pdf

 

[HTurk]

https://www.invest.gov.tr/en/library/publications/lists/investpublications/turkey-foreign-direct-investment-strategy-2021-2023.pdf

https://www.oecd.org/investment/investment-policy/FDI-in-Figures-October-2021.pdf

Brace yourself for arguments like 'But in 2002 it was just 1.1 billion and today its 7.8 billion !!!1!11!'...

 

[Huelague]

I never said you said.

No. I said energy , you said electricity.

 

[TheInsider]

A mean daily export of over 1 billion $ is targeted in five years.

 

[Lool]

A mean daily export of over 1 billion $ is targeted in five years.

How do you know the daily export figures though
Cant find a reliable source on that until now tbh

 

[Rodeo]

A mean daily export of over 1 billion $ is targeted in five years.

for that the export has to increase by twelve percent every year. Which sounds doable but they were also targeting for us to be in the top 10 economies which considering the meteoric rise of the dollar I'm not even sure if we're in the top 20 now.

 

[Xenon54]

https://twitter.com/i/web/status/1455545365210583052

ENAGRUP - Information Research Group

We are calculating Turkey's monthly, weekly, daily and hourly (high frequency) inflation. Also offer materials/alternative workings for academicians and relevant stakeholders.

enagrup.org

View attachment 34934

Do you see how these grown ass men cant even put arguments in front of little children so that they have to threaten and shout at them?
Thats why education is important.

 

[Ravenman]

Do you see how these grown ass men cant even put arguments in front of little children so that they have to threaten and shout at them?
Thats why education is important.

WoW. The Erdogan-haters are now recruting child crisis-actors at street to force old people to madness.

Like Atakan, another CHP child-crisis-actor. Where the heck is he gone?

 

[Manomed]

WoW. The Erdogan-haters are now recruting child crisis-actors at street to force old people to madness.

Like Atakan, another CHP child-crisis-actor. Where the heck is he gone?

ravenman Please keep your arguments to yourself We know akp pays you good amount of money lmao

 

[HTurk]

According to the latest estimates, Türkiye will grow over %10 this year. The first export data shows that the strong export performance of the real sector will continue in November.
Moodys also updated the growth forecast of Türkiye from %6 to %9.2.

Moody's Türkiye büyüme tahminini güncelledi

Uluslararası kredi derecelendirme kuruluşu Moody’s, Türkiye ekonomisi için 2021 büyüme tahminini yüzde 6'dan yüzde 9,2'ye çıkardı. Türkiye ekonomisinin 2022 yılına ilişkin büyüme beklentisinin de yüzde 3,6'dan yüzde 4,8'e çıkarıldığına işaret edilen...

www.bloomberght.com

According to Moodys, the inflation rate will be %16.4 next year. (I highly doubt that. IMHO it will be around %20 by the end of next year. It might be worse than this year in the first half of 2022)

I prefer a 5% growth and an inflation rate of 2% over a 10% growth figure and 20% inflation hike on every given day. Sustainability is key.

 

[selim]

I prefer a 5% growth and an inflation rate of 2% over a 10% growth figure and 20% inflation hike on every given day. Sustainability is key.

Sustainability is key, but there's no sustainability with strong TL.
In 2011 the TL / $ exchange rate was around 1.80, but Turkey ran over 60 Billion $ trade-deficit.
By 2019 with successive weakening of TL Turkey had 21 billion $ trade surplus.
Surplus went into deficit again in 2020 but only because of negative Corona-Tourism.

Turkey Trade Balance 1960-2023

External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

www.macrotrends.net

Turkey needs to follow export-growth based development model like China / Germany (running trade surplus) instead of USA / France model running large to very large trade deficits.
Together with Sakarya gas in Black Sea (substituting energy imports) and export-based growth model (weak TL) Turkey will be fine in mid- or end of this decade. Until then, unfortunately, there'll be some economic pain for population not having the high-life instagram-lifestyle.
Germany doesn't pay top-salaries also, there's a vast low-wage sector but they've very low unemployment numbers, high trade-surpluses, are running the show in EU because they've vast financial power backed by their export economy, and travelilng even in rural Germany you'll see one industrial factory after another.
I can go more deep explaining what happened in Germany after millenium with some reforms (initiated by Schröder) basically establishing low-wage economy in Germany. Instead of devaluating their currency (they couldn't because of €) they "devaluated" salaries in Germany.

 

[Manomed]

Sustainability is key, but there's no sustainability with strong TL.
In 2011 the TL / $ exchange rate was around 1.80, but Turkey ran over 60 Billion $ trade-deficit.
By 2019 with successive weakening of TL Turkey had 21 billion $ trade surplus.
Surplus went into deficit again in 2020 but only because of negative Corona-Tourism.

Turkey Trade Balance 1960-2023

External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

www.macrotrends.net

Turkey needs to follow export-growth based development model like China / Germany (running trade surplus) instead of USA / France model running large to very large trade deficits.

lets starve to death yea

 

[selim]

lets starve to death yea

Who starves to death ?
If you were starving you would reorient your internet-provider fee to purchasing food !