Week of June 12

TURKEY - Report 12 Jun 2016 by Murat Ucer and Atilla Yesilada

AKP will wait for the leadership struggle in MHP to be sorted out before submitting its proposal for an Executive Presidency to the parliament, which means a tranquil month in politics. Of course, more terror attacks might be just around the corner.

In Syria, conditions are worsening on Turkey’s account. A new assault on Aleppo and Idlip Provinces by Russia and Assad could pile new refugees at the Turkish border, while PKK’s Syrian ally YPG is about to capture the critical town of Manbij. It has already set its eyes on linking the Kurdish cantons. The broader story in Turkish foreign policy is the rapid loss of allies, which might cost Turkey substantially once the ISIS is defeated.

Having looked into the recent GDP and BOP releases on Friday, we cut it very short in this Tracker with overviews of April industrial production and May cash-budget data. The former suggests that some sort of a slowdown may finally be underway, while the latter confirms our fiscal concerns.
Markets will sell Brexit fears for the next two weeks, says Cosmo, but even in case of a ‘Remain’ victory, He doesn’t see much of an upside for Turkish assets.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.