Financial crises

Short-term external debt rises

Türkiye's short-term external debt increased by 3.5 percent from December 2022 to reach $152.8 billion in January, the Central Bank has said.

Banks' short-term external debt stock rose by 4.6 percent to $62.9 billion, while other sectors' stock increased by 2.8 percent to $56.2 billion, data showed on March 17.

Goldman Sachs raised the Likelihood of a US Recession

Goldman Sachs Group said the probability that the United States will enter a recession this year now stands at 35 percent, compared with 25 percent in the big investment bank's previous forecast.

The bank noted that the upwardly revised likelihood reflects "increased near-term uncertainty around the economic effects of the stress on small banks."

Bulgaria’s Finance Minister: There is No Risk of Bankruptcy

"There is no risk of bankruptcy of the state, nor of the intervention of the International Monetary Fund and the need to take out new debt." This was stated on the National Television by the Acting Minister of Finance Rositsa Velkova. Her comment was on the occasion of the two scenarios of the long-term budget forecast leaked to the media yesterday.

Bond issue a multiple success

At a single stroke on Tuesday, the Public Debt Management Agency managed to beat the volatility and pressures expected to be caused by the continued tightening of European Central Bank monetary policy and the national elections, and to cover 50% of the 2023 loan program with its first market foray of the year.

Türkiye's inflation rate slows sharply to 64.3%

Türkiye's annual inflation slowed sharply from 84.4 percent in November 2022 to 64.3 percent in December after peaking to 85.5 percent in October last year, data from the Turkish Statistical Institute (TÜİK) have shown.

The monthly increase in consumer prices also eased from 2.88 percent in November to 1.18 percent.

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