March 3, 2020
The Turkish economy emerged from three quarters of negative growth – its first recession In a decade after a painful currency crisis in the summer of 2018 – and continued its gradual recovery to post positive year-on-year growth in the second half of 2019. The annual inflation rate, which hovered around 20% in the first quarter of 2019, also gradually declined and Turkey ended the year on a positive note with an annual inflation rate of 11.8%. While the downturn in the first half of 2019 weighted on the investors’ sentiment, Turkey’s equity and debt markets showed good performance.
As the Capital Markets Team of BASEAK, we continue to share our remarks on the Equity Markets, the Debt Markets, and updates on Regulatory Changes in Turkish capital markets legislation that took place in 2019.
Download the latest copy of “Capital Markets Review 2019 Turkey” here.