Turkey celebrated a significant milestone as Fitch upgrades its credit rating, lauding the country's shift towards orthodox economic policies on Saturday. Fitch's decision to elevate Turkey's credit rating to B+ from B, with a positive outlook, reflects growing confidence in the effectiveness of the government's economic reforms initiated since June 2023.

Turkey's economic overhaul earns Fitch upgrade amid policy shift

Economists at some of the biggest global banks are offering sharply different views of how Turkiye will go about raising interest rates this month, a prospect that seemed remote before president Recep Tayyip Erdogan’s reelection just over a week ago.

Economists split on Turkish rate hike | World Business Watch

Economists at major global banks are divided on their predictions regarding Turkiye's approach to raising interest rates this month, reports Bloomberg. The unexpected re-election of President Recep Tayyip Erdogan has brought the prospect of a rate hike to the forefront, a stance previously dismissed by market observers.

Shifting tides in Turkiye's economy: Analysts grapple with implications of potential rate hike

It's a double whammy for bars struggling post-pandemic as Turkey hikes tax on liquor by 42% while the lira struggles amid high inflation. The liquor tax has now triggered bootlegging of alcohol.

42% hike in Turkey's alcohol tax amid inflation

Firing the latest salvo in President Recep Tayyip Erdogan's economic war of independence, the central bank has cut interest rates once again, leading to a sharp fall in the Turkish currency Lira's value against the dollar.

Turkish lira plunges to new record low after Erdogan's latest rate cut

Lines outside bread stores and gas stations; farmers defaulting on loans; impromptu street demonstrations. The signs of economic distress in Turkey are all too clear as the lira continues a dizzying slide.

‘Our money has no value’: Frustration rises in Turkey at lira crisis

The new year hasn't come with any ray of hope for Turkish President Recep Tayyip Erdogan. His troubles are only mounting. Turkey's foreign trade deficit is the latest of his worries.

Turkey's economic troubles mount as new year begins

Preisident Erdogan had waged his fights abroad betting on the Turkish economy. He hoped the Turkish economy will be able to foot the bills of his battles but it cannot.

Erdogan's Turkey spends beyond its means as Lira loses value

Turkey's Presiden Recep Tayyip Erdogan dreams of becoming the leader of the Muslim world and to achieve his dream he's abusing his power. He has been picking fights with neighbours, insulting world leaders, waging proxy wars and fighting territorial battles but a majority of Turkish people don't support his agenda and his party's ratings have fallen to 31 per cent.

Turkey's economy in free fall as Erdogan pursues world domination

Turkey is heading for second recession in two years, Turkish lira hit a record low against dollar. Watch this video to know more.

Turkey heading for second recession in two years

Turkey's economy entered its first recession in a decade, official data showed on Monday, just weeks before President Recep Tayyip Erdogan's government faces local elections where growth and inflation will be key issues for voters.

Weeks before Erdogan to face election, Turkey's economy enters recession

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