Limiting global warming to 1.5 °C could reduce global GDP by 2%, or $75 trillion, by 2050 as spending must increase to accelerate the energy transition.
Officials angered by ENAG’s 'rival' figures amid economic crisis. Group says end-2021 inflation in Turkey was 83%. Official statisticians calculated 36%.
Turkish growth is expected to slow to 3.5% this year, from a forecast 9.5% in 2021, while for Russia, GDP growth is forecast to slow to 2% from 4.5%.
Dealmaking returns to pre-pandemic levels as confidence recovers and low interest rates and big cash piles push up valuations.
The US Fed has not increased interest rates, just talked of increasing rates – not even by that much — and global stock exchanges lost $4.2 trillion in week. How can the Fed kill off the current high inflation without crashing the economy?
Rolling power restrictions applied to factories. Situation worse than what was seen during Turkish balance of payments crisis at end of 1970s.
The devil remains in the detail. Regime is not simply weak in the economics, it is also cold to the accounting.
Given the regularity with which they manifest, it’s astonishing the Turkish language has no phrase equivalent to ‘nightmare scenario’. They should think about coining one, sooner rather than later, though, because another one is looming.
Istanbul’s mobile games developer Dream Games raises $255mn in Series C funding round, which valued enterprise at $2.75bn. Largest asset manager in the world joined the investors.
Interviewer who asked Erdogan loyalist to put a number on an economic target is told, "Can you look into my eyes? What do you see?... The economy is the sparkle in the eyes."
Yerevan will not countenance the adoption by Ankara of any of Baku’s hardline demands as a necessity for any opening of the border.
Poll also shows three potential presidential rivals more admired than ruler of 19 years.
Current Nationally Determined Contributions (NDCs) are nowhere near enough to keep global warming within the 1.5°C target
Nation has entered another phase in its ongoing collapse in all fields.
Sector suffers record rises in input costs and selling prices.
Official end-of-year measure shows 36% but unofficial assessment calculates 83% amid country’s economic crisis.
Erdogan goes through contortions in attempt to stop currency depreciation without introducing a rate hike. There are now even worries his latest moves could spark a bank run.
Analysts warn that amid lira crisis move to hike Turks’ earnings could add to rampant inflation. Market fears hyperinflation will take hold.
Finance industry just cannot come to terms with the fact that there is a strongman at the helm running an economic experiment conventional economists have described as outright lunacy.
Professor walks back comments but fears circulate that move could be made to prepare for a sudden and unjust snap election.