Economy

The IMF raises the global growth forecast to 3.2% for 2024, Türkiye's projection remains at 3.1%

Young Turks aged 15-24 experience a notable reduction in unemployment, with rates dropping to 15.6%, alongside an overall labor market enhancement in February 2024

Türkiye's inflation is expected to peak in May 2024 and then see a gradual decrease, while the country's economy is projected to grow by 3% this year, 3.6% next year

The US consumer inflation rate continues to rise, raising concerns about the Federal Reserve's monetary policy position as Labor Department reports an annual consumer price index (CPI) of 3.5% in March

International Monetary Fund (IMF) warns that inflation is declining faster than initially thought, and that central bankers should carefully consider new evidence before making decisions about interest rate decreases

Türkiye partners with World Bank Group for a multi-billion dollar development strategy focusing on productivity, employment and disaster resilience

In the first quarter of 2024, Bursa's exports show a notable increase of 2.9%, reaching over 180 countries and autonomous regions, according to a compilation of data from the Türkiye Exporters Assembly

Türkiye's manufacturing, mining, and energy sectors drive a remarkable surge in industrial output, marking the highest growth rate in two years

Facing shortages due to Israel's blockade, Palestinian farmers in Gaza are turning to Turkish fertilizers and pesticides for vital support in cultivating their crops

Finance Minister Mehmet Simsek forecasts a significant decline in inflation after the May peak of around 73% to about 40% in July

European stock markets closed down on the last trading day of the week

The BIST 100 index in Borsa Istanbul gained 5.37% and ended the day at a record high of 9,618.83 points

In the week ending March 29, the total reserves of the Turkish central bank decreased to $123.13 billion, marking a decline of $718 million compared to the previous week

The Economic Coordination Council emphasizes need to address inflation and provide long-term social welfare programs

Turkish markets see a surge in returns following the announcement of a 3.16% inflation rate for March

Bank stocks surge with a 30% increase in BIST100, sparking investor interest and prompting analysts to predict further growth

Tera Investment favored some stocks including Anadolu Group Holding, BIM, Sabanci Holding, and Turkish Airlines, as top picks while cautioning against higher-than-expected inflation and other economic uncertainties

Gold prices soar as geopolitical tensions escalate, with the ounce reaching $2288, while eyes remain on U.S. employment data

The commencement of operations at the Sakarya Natural Gas Production Field led to a significant monthly increase of 2 million cubic meters (mcm) in January, accompanied by a substantial 77 mcm rise compared to last year

March inflation data shows a 3.16% rise in the Consumer Price Index (CPI) and 3.29% in the Producer Price Index, with eggs leading the price drop at 10.16%

Despite pre-election forecasts, Turkish lira remains steady, with companies and citizens shifting focus toward domestic currency amid stable market conditions