http://www.fxstreet.com/fundamental/market-view/turkey-weekly-macro-comment/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/market-view/turkey-weekly-macro-comment/2009-11-17.htmlThe historical session in the National Assembly did not turn out to be historical for the intended reason, but turned out to be historical nevertheless. Capacity utilization (CU) in October was up by 1.7 percentage points MoM and also up by 2.0 percentage points when seasonally adjusted. There is now reason (hope) to believe that positive industrial (IP) growth rates are indeed imminent. Current account for the month of September came at USD 869 million culminating in a 12-month rolling figureTue, 17 Nov 2009 09:06:53 GMThttp://www.fxstreet.com/fundamental/market-view/communication@unicreditgroup.eu (UniCredit Group)http://www.fxstreet.com/fundamental/market-view/turkey-weekly-macro-comment/2009-11-17.htmlhttp://www.fxstreet.com/fundamental/market-view/turkey-weekly-macro-comment/2009-10-05.html• What was most striking in PM Erdogan’s speech over the weekend was his references to out of mainstream (some considered to be subversive by the establishment) figures in this land’s history and his candid embracement of them all. • It is also very likely that the tone of PM Erdogan’s speech implicates that he deliberately positioned himself at a point of no return and he may thus have implemented a well known strategy in certain games: constrain your own maneuvering space so as to force yourMon, 05 Oct 2009 17:00:43 GMThttp://www.fxstreet.com/fundamental/market-view/communication@unicreditgroup.eu (UniCredit Group)http://www.fxstreet.com/fundamental/market-view/turkey-weekly-macro-comment/2009-10-05.htmlhttp://www.fxstreet.com/fundamental/market-view/turkey-weekly-macro-comment/2008-11-25.html• Disappointment among constituents seems to be contagious as political parties started taking up policies that are controversial at best, and most presumably leading to some loss of membership or loyalty on their part. • Who will end up with vote gains in this auction for votes? Still not certain, and hence out title this week, but it may well be the AKP after all. • My conjecture is that the reform process slowdown, the change in rhetoric and strategy, and other sources of the liberals’Tue, 25 Nov 2008 10:39:04 GMThttp://www.fxstreet.com/fundamental/market-view/communication@unicreditgroup.eu (UniCredit Group)http://www.fxstreet.com/fundamental/market-view/turkey-weekly-macro-comment/2008-11-25.htmlhttp://www.fxstreet.com/fundamental/market-view/turkey-weekly-macro-comment/2008-07-22.v02.htmlDomestic political scene is getting more interesting on a daily basis. US ex-Ambassador to Turkey Mark Parris’ remarks in Washington last week regarding the AKP closure case led to repercussions on the economic definitely beyond his intentions and arguably his imagination as well. Here is the unorthodox, to the ultra seculars the blasphemous assessment regarding the duration of this struggle which some choose to label as a post-modern war. I believe that the war is over and that the two sidesTue, 22 Jul 2008 09:07:48 GMThttp://www.fxstreet.com/fundamental/market-view/communication@unicreditgroup.eu (UniCredit Group)http://www.fxstreet.com/fundamental/market-view/turkey-weekly-macro-comment/2008-07-22.v02.htmlhttp://www.fxstreet.com/fundamental/market-view/turkey-weekly-macro-comment/2008-07-02.html2008Q1 GDP results were announced this morning and markets were pleasantly surprised by the 6.6% figure as opposed to the consensus expectation of 5%. It will have a close to nil impact on local sentiment but foreign investors whose time horizon is usually longer than locals’ could interpret the figure a bit more favorably going forward Closure case might be approaching its final phase; SP will present his case orally in front of the Constitutional Court tomorrow and AKP will deliver its oralWed, 02 Jul 2008 10:28:00 GMThttp://www.fxstreet.com/fundamental/market-view/communication@unicreditgroup.eu (UniCredit Group)http://www.fxstreet.com/fundamental/market-view/turkey-weekly-macro-comment/2008-07-02.htmlhttp://www.fxstreet.com/fundamental/market-view/turkey-weekly-macro-comment/2008-03-19.html• The latest move by Chief Prosecutor of the Supreme Court of Appeals is yet another move to discredit the AKP government with the intended final outcome of shutting it down. • When one looks at the composition of the members of the Constitutional Court, whose 8 members of its total of 11 were appointed by the staunch secular ex-President Sezer, a shut down decision seems likely, at least mathematically • We may have had party closings in the past, but that was in a much different country withWed, 19 Mar 2008 09:18:14 GMThttp://www.fxstreet.com/fundamental/market-view/communication@unicreditgroup.eu (UniCredit Group)http://www.fxstreet.com/fundamental/market-view/turkey-weekly-macro-comment/2008-03-19.htmlhttp://www.fxstreet.com/fundamental/market-view/turkey-weekly-macro-comment/2008-03-11.htmlLong awaited GDP revisions were finally out on Saturday and the extent of revision was at the higher end of the expectation interval. While the revision has not created any favorable sentiment change and is unlikely to do so in the foreseeable near future, it should be a significant trigger factor once the dust settles in global markets. Compared to the previous unrevised data, share of private consumption is substantially higher while public investment and consumption expenditures are lower.Tue, 11 Mar 2008 15:07:05 GMThttp://www.fxstreet.com/fundamental/market-view/communication@unicreditgroup.eu (UniCredit Group)http://www.fxstreet.com/fundamental/market-view/turkey-weekly-macro-comment/2008-03-11.html