A mid-week macro update

TURKEY - Report 01 Nov 2023 by Murat Ucer

As we’ve noted in Sunday’s post, the econ author could not contribute his share to the Weekly report as he was in transit on Sunday – and hence, today’s post, which provides a quick rundown of recent macro developments, along with a few quick thoughts and impressions from his meetings while in London.

In a nutshell, Turkey is sort of back on investors’ radar and the overall sentiment is constructive, thanks to changes in the econ team as well as the policies since the May 2023 elections. But there was near consensus that imbalances were very large and not much could be done until the local elections in the way of true adjustment, because growth would continue to have the priority, while post-election scenarios remain varied and uncertain.

Now read on...

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