SE­CU­RITY?

Dünya Executive - - OVERVIEW -

Septem­ber is very en­cour­ag­ing. If we com­pare this year’s fig­ure with Septem­ber 2018, the ta­ble re­turns to mi­nus 9.66 per­cent, be­cause the USD/TRY spec­u­la­tive at­tack hap­pened in Au­gust 2018. There is a cer­tain at­mos­phere of op­ti­mism over the FSCI in Septem­ber 2019. The in­dex dif­fer­en­ti­ated from the pre­vi­ous months with the po­lit­i­cal and eco­nomic ex­pec­ta­tions, such as the United Na­tions meet­ing and the ex­pected im­prove­ment in Turkey-U.S. re­la­tions. So, in a nut­shell, af­fects trend of the fi­nan­cial sec­tor? Do­mes­tic struc­tural re­forms should give the ex­pected re­sults. Con­fi­dence in eco­nomic man­age­ment has not yet been set­tled, al­though a full year has passed since the tur­bu­lence be­gan. The de­cline in in­ter­est rates pos­i­tively af­fects con­fi­dence in fi­nan­cial ser­vices. On the other hand, the per­sis­tent de­cline in in­fla­tion and the lack of dis­ci­pline in the bud­get in­crease anx­i­eties. The fi­nan­cial and man­u­fac­tur­ing sec­tors in Turkey are rapidly mov­ing away from each other. This leads to high un­em­ploy­ment that af­fects the overall econ­omy. This in turn af­fects the man­u­fac­tur­ing sec­tor. Un­con­trolled food prices and in­sen­si­tiv­ity to struc­tural re­form re­quire­ments have a neg­a­tive im­pact on the con­sumer’s pur­chas­ing power. The con­trac­tions in Europe and Ja­pan also af­fect us greatly through the for­eign trade chan­nel.

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