Economic Updates: Turkey

A Year In Review 2009

Turkey | 12 Jan 2010

Though the Turkish economy slid into recession, in part due to the steep decline in overseas trade and a falling off in domestic demand, there was no financial collapse as occurred during the downturn of 2001, with the banking sector not only surviving but prospering and the stock market riding a wave of growing activity.

Learning Curve

Turkey | 2 Nov 2009

Though there have been marked improvements across Turkey's educational infrastructure, the system needs further investment and development to meet the growing demands being placed upon it by the market.

Insured Growth

Turkey | 3 Sep 2009

Having gone through a period of consolidation and foreign investment, with many of the industry's leading firms taking on overseas partners, and having apparently ridden out the worst of the global financial crisis, Turkey's insurance sector appears to be again gaining momentum.

Economy Under Pressure

Turkey | 2 Jul 2009

Turkey's economy is still dealing with the effects of the global recession, having seen export markets dry up and domestic demand weaken, though it has avoided a repeat of large-scale financial meltdowns of the past and is expected to return to growth in 2010.

Better Banking

Turkey | 4 May 2009

Turkey's banks seem to be riding out the global financial crisis having emerged from a more localised downturn eight years ago leaner and better equipped to deal with the present worldwide recession.

Hopes for a Cargo Cult

Turkey | 10 Mar 2009

Turkey has high hopes of becoming a major transit hub for land and sea cargo freighting, linking Central Asia and the Middle East with Europe, though it will need to invest heavily in infrastructure if its hopes are to be fulfilled.

Construction Contracts

Turkey | 12 Feb 2009

Although an upturn is expected in 2010, the correlated real estate and construction sectors have been scaling back as the global economic crisis takes effect, with predictions of a lean year.