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sick people in hospitals have special dietsThis is too little to be filling for hospital patient
Dont just focus on manufacturing goods, India can have 150 billion USD IT service export within a year @Nilgiri
https://www.business-standard.com/article/economy-policy/exports-of-software-services-up-2-1-to-148-3-bn-in-2020-21-rbi-survey-121092001318_1.html#:~:text="India's exports of software services,year," the RBI said.
when you exports 230billion usd services all money remains in India whereas Turkey exports 230 billion USD just 130 billion USD staying in country entire 100billion USD flies abroad.this year total services export (not just software) to be around 230 billion USD
Inflation and depreciation are correlated but they are nowhere near 1:1.
when you exports 230billion usd services all money remains in India whereas Turkey exports 230 billion USD just 130 billion USD staying in country entire 100billion USD flies abroad.
So we shouldnt compare our export with other countries .
There are slavish/worship complexes and sycophancy in every "debate" there....on top of the hate country X, Y and Z at all costs.
This is not to be taken lightly, the next administration (and hopefully soon as possible) has a huge task ahead of it to rectify Turkey fundamental competitiveness.
It depends on what is left standing after the era of Turkey's Zia-ul-Haq is over.
Turkey IMO, has enough within it to see it through and recover. Previous underlying inertias matter a lot.
Pakistan w.r,t Zia's legacy (given the still-formative juncture it got him in and the context + duration) is sadder ongoing spectre.
It depends on how long the corrosiveness lasts. Given enough time, the end result is predictably long-lasting. Trust me, I have seen this before, up close and personal.
These stats arent good at all tbhSeptember 2021 verified Turkish foreign trade stats
Imports 23 billion and 328 million $ ( increased by %11.9 compared to September 2020)
Exports 20 billion and 780 million $ (increased by %30 compared to September 2020)
Trade deficit 2 billion and 547 million $ ( decreased by %47.5 compared to September 2020 which is 4 billion and 856 million $ )
September 2021 Export/Import ratio %89.1 (It was %76,7 at September 2020)
January to September foreign trade deficit decreased from 37 billion and 876 million $ (January-September 2020) $ to 32 billion and 351 million $(January-September 2021). Exports/Imports ratio increased from %75.8(January-September 2020) to %83.3(January-September 2021)
It doesn't work like that. Stats are coming out really well but I think there won't be a trade surplus before 2025. Things will be better when the automotive chip crisis passes in 2023 and Blacksea gas covers %20-30 of Turkish annual gas consumption starting from 2025. We will also see the returns of big investment projects in the period of 2018-2023 after 2023These stats arent good at all tbh
If we went by these numbers, then the lira must drop to around 14 to have a trade surplus
I really dont think the turkish ppl will tolerate that unless certain domestication of essential food items is present
If we went by your theory then I would say that it is all useless tbhIt doesn't work like that. Stats are coming out really well but I think there won't be a trade surplus before 2025. Things will be better when the automotive chip crisis passes in 2023 and Blacksea gas covers %20-30 of Turkish annual gas consumption starting from 2025. We will also see the returns of big investment projects in the period of 2018-2023 after 2023
He told a press conference in Ankara that Turkey needed to “seize the opportunity” presented by the pandemic to become a centre of production and expand its exports thanks to a cheaper currency. Kavcioglu argued that this would help to turn the country’s longstanding current account deficit — caused by the fact that Turkey usually imports more than it exports — into a surplus. “Turkey’s main problem is the current account deficit,” he said. “When we solve this problem and there’s a current account balance, the exchange rate will return to normal.”
Even if we had trade surplus that alone doesnt mean anything when everything else hit the rock bottom, Turkish economy is in a very bad shape and it will take a lot of hard reforms to correct years of mismanagement, Turkish people probably have to suffer at least until 2026-2030 before catching up the same growth numbers as pre 2008.It doesn't work like that. Stats are coming out really well but I think there won't be a trade surplus before 2025. Things will be better when the automotive chip crisis passes in 2023 and Blacksea gas covers %20-30 of Turkish annual gas consumption starting from 2025. We will also see the returns of big investment projects in the period of 2018-2023 after 2023
I don't want to play the advocatus diaboli but what you describe as 'rock bottom' could be seen as a standard of living which truly represents our actual productivity.Even if we had trade surplus that alone doesnt mean anything when everything else hit the rock bottom, Turkish economy is in a very bad shape and it will take a lot of hard reforms to correct years of mismanagement, Turkish people probably have to suffer at least until 2026-2030 before catching up the same growth numbers as pre 2008.
I don't think the proponents of this approach quite grasp that if the lira returns to normal again after getting higher export figures, it's very likely that any foreigners that Turkey conducts export trade with will immediately go for greener pastures and thus all this will be for nothing.Central Bank basically confirming that they are lowering the interest rate and thus the value of lira so Turkey can become a manufacturing hub.
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So instead of developing and exporting high-value products they basically gave up and want to become a low wage manufacturing hub.
Im not only speaking about high private debts but things like Inflation, currency that keeps loosing value since a decade, central bank that has no independence, depleting reserves, unchecked goverment spending etc. etc.I don't want to play the advocatus diaboli but what you describe as 'rock bottom' could be seen as a standard of living which truly represents our actual productivity.
Turks are internationally known to live above their income level, hence, the current account deficit -> accumulation of debt. There are many Western scientists and journalists who always have argued that Turkey has to go through a restructuring process just like Greece during the Euro crisis went through.