According to the latest information about hot developments, a new phase has been entered in the event that is closely followed by the public. According to the details given; The treacherous coup attempt carried out by the Fetullah Terrorist Organization (FETO) on July 15, 2016 did not only leave behind grieving families feeling sorry for the martyrs, psychological traumas, and disruption of public order. It also left deep traces in the Turkish economy. Even though 10 years have passed since the bloody coup attempt, the damage caused by the organization to the economy is remembered... It is stated that the total indirect cost of the 17-25 December period and the 15 July coup attempt organized by FETO to the Turkish economy exceeds 500 billion dollars. Considering that Türkiye's population is 86 million, each citizen faced a cost of nearly 6 thousand dollars per person. While the investigation process carried out by the official authorities regarding the incident continues, you can instantly follow the most up-to-date information on our website.
Hot details continue to come after the last minute development that occupies the agenda. According to the latest information obtained; EXCHANGE INCREASED, STOCK EXCHANGE FALLED After the 17-25 December operations, the dollar exchange rate started to rise. Dollar/TL, which closed at 1.94 on December 16, 2013, closed the year at 2.15 with the start of operations targeting the government. The exchange rate approached 2.30 in March 2014. The negative effects of the operations on the economy were also seriously reflected in the capital markets. During this period, the BIST 100 index, which reached its historical peak with 93,178.87 points, closed at 67,801.73 points on the last trading day of 2013. The government borrowing interest rate, which decreased to 4.61 percent in Türkiye, rose to 12 percent in March 2014. While the recovery trend started after 2015, this time it was reported that the treacherous coup attempt in 2016 had reached. After July 15, sharp fluctuations in economic indicators occurred again and made a splash in the public opinion. BIST 100 index made history with a decrease of 7.08 percent on the first trading day after July 15. While the Dollar/TL exchange rate was 2.87 on July 14, it rose to 3.02 with the news of the coup attempt. Legal investigations and investigations by the competent authorities on the subject continue to deepen. We will continue to report new developments as they occur.
According to the latest information about hot developments, a new phase has been entered in the event that is closely followed by the public. According to the details given; TECHNICAL RECESSION DANGER After the coup attempt, the Turkish economy faced the risk of technical recession. Although the proactive measures taken by the Central Bank of the Republic of Turkey (CBRT), Borsa Istanbul and the economic management enabled the markets to recover, the economy contracted by 0.8 percent in the third quarter. It recovered in the last quarter of the year and started to grow again. However, economic growth performance was disrupted in this process. Foreign capital interest in Türkiye also decreased. Foreign direct investment, which was 19.3 billion dollars in 2015, decreased to 7.7 billion dollars in 2020 after the coup attempt. It could reach 10.7 billion dollars in 2023. National income per capita, which was 12,582 dollars in 2013, decreased to 8,600 dollars in 2020. However, it started to rise again in 2023 and reached $13,243. However, the expected level was around $19,600. Detailed analysis and official statements of the issue are closely followed by our editorial team in line with the developments.
Information from official sources regarding the issue, which has a wide repercussion on Türkiye's agenda, has become clear. According to the statements made; FOREIGN CAPITAL FLEW Following the coup attempt, developments such as rating downgrades by credit rating agencies, Türkiye being placed on the gray list, and the ratio of the central government budget deficit to GDP increasing from 1 percent in 2015 to 3.2 percent in 2020, also seriously damaged Türkiye's economic image. Legal investigations and investigations by the competent authorities on the subject continue to deepen. We will continue to report new developments as they occur.