TR Economy & Updates

[Lool]

I swear
I was reading good news for the last few days, from Erdo's stable foreign policy in Ukraine-Russia war, to LHD Anadolu, Kizilelma, and finally mass production of the long-awaited Altay tank
And yet, Erdo drops this bombshell ffs! Why on bloody earth is he decreasing the interest rates? The interest rates at 13% was already quite low ffs

I do know that high interest rates will just screw Turkey even more but why on earth is he fqing lowering it further? Does he not realise that this will just increase the depreciation pressure on the lira? This is insanity! The best he could do was to just keep it at bloody fqing 13%!!

https://twitter.com/i/web/status/1572904010679468033

 

[Afif]

I swear
I was reading good news for the last few days, from Erdo's stable foreign policy in Ukraine-Russia war, to LHD Anadolu, Kizilelma, and finally mass production of the long-awaited Altay tank
And yet, Erdo drops this bombshell ffs! Why on bloody earth is he decreasing the interest rates? The interest rates at 13% was already quite low ffs

I do know that high interest rates will just screw Turkey even more but why on earth is he fqing lowering it further? Does he not realise that this will just increase the depreciation pressure on the lira? This is insanity! The best he could do was to just keep it at bloody fqing 13%!!

https://twitter.com/i/web/status/1572904010679468033

i think this video explaining it very understandably.

note, please dont mistake me as erdogans fan or something. but i think this policy is the right choic in term of long run economic strategy for turkey.

 

[Lool]

For the first time in 9 years, Turkish unemployment rate falls back to 9.6%. The last time such figure recorded was in March 2013
And for the first time it drops to single digits since 2018; i-e, 4 years
It seems that Ppl are being employed like crazy

https://twitter.com/i/web/status/1579403868391235585

Turkey Unemployment Rate

Unemployment Rate in Turkey decreased to 8.50 percent in August from 8.80 percent in July of 2024. This page provides the latest reported value for - Turkey Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar...

tradingeconomics.com

 

[Xenon54]

For the first time in 9 years, Turkish unemployment rate falls back to 9.6%. The last time such figure recorded was in March 2013
And for the first time it drops to single digits since 2018; i-e, 4 years
It seems that Ppl are being employed like crazy

https://twitter.com/i/web/status/1579403868391235585

Turkey Unemployment Rate

Unemployment Rate in Turkey decreased to 8.50 percent in August from 8.80 percent in July of 2024. This page provides the latest reported value for - Turkey Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar...

tradingeconomics.com

This economic crisis is very different, right now there is a shortage on laborers in europe too, changing job was never easier.

 

[Baryshx]

i think this video explaining it very understandably.

note, please dont mistake me as erdogans fan or something. but i think this policy is the right choic in term of long run economic strategy for turkey.

Of course, there is no problem for the government, it is the people who suffer and are disgraced.

If you say that this will bear fruit in the future, I would say look at they 20-year performance and whether they can do it or not.

I mean, government's forcing the people for nothing, I don't think anything will happen.

In addition, instead of lowering the interest rates by 1 point, it can directly reach the desired number. At least you experience the pain in one go.

 

[Lool]

https://twitter.com/i/web/status/1583360010540945408

 

[Cabatli_TR]

3 trillion $ investment for 10 years time period from Saudi Arabia ? This is huge !

 

[Huelague]

3 trillion $ investment for 10 years time period from Saudi Arabia ? This is huge !

View attachment 49801

But where?

 

[Tornadoss]

3 trillion $ investment for 10 years time period from Saudi Arabia ? This is huge !

View attachment 49801

Yeah every time some envoy come from Gulf Arabs to Turkey, there are always news about billons of investment from them, but it never happens.

 

[iceream]

3 trillion $ investment for 10 years time period from Saudi Arabia ? This is huge !

View attachment 49801

Thier gdp is half that?

 

[Afif]

Thier gdp is half that?

Yes. Or at least it is in the wiki

https://www.google.com/url?sa=t&source=web&rct=j&url=https://en.m.wikipedia.org/wiki/Economy_of_Saudi_Arabia%23:~:text%3D%25241.040%2520trillion%2520(nominal%253B%25202022%2520est.)&ved=2ahUKEwiJ7M2SrY37AhXLynMBHWhlAWgQFnoECAgQBQ&usg=AOvVaw236pQzVui4oNhJNyO9BkPI

 

[Deliorman]

3 trillion $ investment for 10 years time period from Saudi Arabia ? This is huge !

View attachment 49801

Ziyaaaa.....

 

[Kedikesenfare]

3 trillion $ investment for 10 years time period from Saudi Arabia ? This is huge !

View attachment 49801

I mean, if he at least had said 300 b USD, it would have been somewhat believable but the amount of 3 trillion USD is ofc fake as it can get.

 

[TR_123456]

3 trillion $ investment for 10 years time period from Saudi Arabia ? This is huge !

View attachment 49801

Hard to believe bro.

 

[Rodeo]

Hard to believe bro.

Hard to believe? That's either a blunder or a flat-out lie. Anyone who can remotely perceive what a trillion $ means will concur.

 

[Nilgiri]

One thing I've learned a long time ago is never believe any "memorandum of understanding" you see.

Its to keep bureaucrats busy with some paper pushing at best by default.

Its always best wait for cold hard proof of the goodies and use natural 20/20 hindsight vision for analysis afterwards.

I tend to call that phenomenon MOU conversion/realised rate lol.

If its more than 10% (I remember churning lot of data for this in my earlier economics research phase), you have done better than the global average. Lot of the MOU stuff flatline at 0%.

The details of that realisation also matter, it should be actual investment (risk fronted by the investor) rather than loan based (risk fronted by you and that's just BS in end as you could almost always do much better on world loan market).

 

[Ravenman]

Central Bank Gold Purchases Hit All-Time Quarterly Record

Turkey added 31t in Q3 this year, thus lifting its total gold reserves to 489t. United States Gold News

www.scrapmonster.com

 

[Lool]

Money, Money, Money

Saudi-Turkey trade relations deepen as Turkish contractor wins Jeddah air base work

RIYADH: Trade relations between Saudi Arabia and Turkey have further deepened with Turkish contractor Yuksel handed a $12 billion contract at the King Abdullah Air Base in Jeddah. The year-long project consists of site work for a future Life Support Area, Munition Storage Area and Air Defense...

www.arabnews.com

 

[Xenon54]

The channel might have ultra left leanings but the experts speaking in the video, including an international banker who was operating since 2001 in Turkish market, are saying something, please listen to them.
The situation is grim, the damage being done today is way more fundamental and long lasting than anything that happened in 2001, the damages done to judiciary and demography wont be solved in the next couple decades. This crisis is not only economic and will burden the country long after Party X or Y left the office.
The limbo will continue until the election, after that we will see whether damage control will start or not but one thing is certain, very painful time is ahead for Turkey.

 

[Xenon54]

@Zafer lets leave those emojis, just answer me this question, did you watch the video?