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Turkey’s economic and social performance since 2000 has been impressive. However, more recently the country has faced a number of internal and external challenges, notably macroeconomic imbalances, geopolitical uncertainties, changing patterns of global capital and trade flows, and the effects of climate change.
These challenges have tested investor confidence and by the summer of 2018 there has been a significant depreciation of the Turkish lira.
After the formation of the new Government, the authorities responded with appropriate coordinated policy action. Monetary policy was tightened substantially and the New Economic Programme was introduced. This resulted in macroeconomic stabilisation, but at the cost of a sharp slowdown in economic activity.
Meanwhile, the private sector in Turkey is deleveraging. Credit growth, which had been an important catalyst for economic growth in the past, is unlikely to pick up quickly. In the EBRD’s view, the outlook for the medium term is for growth to be below trend.
After local elections in March 2018, the authorities have a four-year window with no scheduled polls on the horizon. They are now considering a range of structural reforms to ensure a more sustainable medium and long-term growth path for the economy. This year’s Investment Outlook Session explored this question from the perspective of a top-level Turkish policymaker.
Moderator
Arvid Tuerkner
Managing Director, Turkey, EBRD - Istanbul
Speakers
Berat Albayrak
Minister, Ministry of Treasury and Finance
Mipim asia 2011 - conference - opening keynote - macroeconomic outlook and implications for asian real estate
PHOTO BY ANEEL KARIM
Guests at a cocktail reception, moments after the Distinguished Sir Arthur Lewis Lecture by Professor Robert Barro on “Macroeconomic Effects from Government Purchases and Taxes.”.
Professor Barro's lecture, which was the highlight of The University of the West Indies (UWI) Sir Arthur Lewis Institute of Social & Economic Studies (SALISES) 11th annual conference, took place on Wednesday 24th March, beginning at 6.30 p.m. at the Daaga Auditorium, UWI St. Augustine Campus.
Professor Robert Barro, Paul M. Warburg Professor of Economics, Harvard University, is one of the most distinguished living economists. He has published many influential books and articles, including some of the most popular textbooks used by students of Economics.
The 2010 SALISES Conference, themed “Turmoil and turbulence in small developing states: Going beyond survival,” was officially opened at a formal ceremony on Wednesday 24th March, 2010 at 9.00 a.m. at the Hyatt Regency Hotel, Port of Spain.
For more information, please contact Francine Alleyne at Francine.Alleyne@sta.uwi.edu or (868) 662-2002 Ext. 2038/2391/2392.
For the latest UWI News, click sta.uwi.edu/news.
Under this agenda item, the secretariat presented an overview of economic and social developments in Africa in 2017. The presentation made by Mr. Adam B. Elhiraika, Director, Macroeconomic Policy Division of ECA, highlighted recent developments in the global economy and their implications for Africa.
Mipim asia 2011 - conference - opening keynote - macroeconomic outlook and implications for asian real estate
In the picture you can see a piggybank in the shape of a treasure chest and a few coins lying around beside it. You can also see a macroeconomics book and on top of it is 2 100$ bills. What really catches your attention when looking at the picture is the clear contrast between the amount of money around the piggybank and the amount on top of the macroeconomics book. The piggybank has the meager amount of a few dollars while the book has 200 on top. The picture can make people think of how school costs are high and how some people in poverty aren’t able to afford them. While the price for schooling in Canada is low when compared to countries like the US, there is still a high cost that some people just can’t afford comfortably. This economy schoolbook was optional but recommended for my economic class and cost 200$. This schoolbook contained exercises and notes on class material which gives students an edge over others who don't or can’t buy it because of the price. Costs like this are a barrier that prevents people in poverty from succeeding easily in life and is one of the many inequalities in the school system. This photo could make people realize that if you can afford these books and the costs associated with school you are privileged compared to others who can’t. If you are in a comfortable position and have extra money lying around, you can always consider donating to organizations that help people in poverty afford higher education.
Juan Alberto Fuentes, Director of ECLAC's Economic Development Division and main author of the Macroeconomic Report on Latin America and the Caribbean, launched today.
Photo: Carlos Vera / ECLAC
Workshops on Bounded Rationality in Choice, Firms in the Global Economy, International Capital Flows, and Theoretical and Experimental Macroeconomics.
About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE
Organized as self-teaching guides, all Demystified titles come complete with key points, background information, end-of-chapter review questions, and even final exams.
Workshops on Learning in Macroeconomics and Finance, Macro and Micro Perspectives on Taxation, Time Series Analysis in Macro and Finance, and Understanding Civil Conflict.
About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE
Workshops on Learning in Macroeconomics and Finance, Macro and Micro Perspectives on Taxation, Time Series Analysis in Macro and Finance, and Understanding Civil Conflict.
About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE
Leading economists gather at the University of Chicago for the second half of the Conference for the Handbook of Macroeconomics, Volume 2.
PHOTO BY ANEEL KARIM
Professor Robert Barro (right), whose lecture on “Macroeconomic Effects from Government Purchases and Taxes” was the highlight of the The University of the West Indies (UWI) Sir Arthur Lewis Institute of Social & Economic Studies (SALISES) 11th annual conference, which took place from March 24th to 26th, 2010.
The lecture took place on Wednesday 24th March at 6.30 p.m. in the Daaga Auditorium, UWI St. Augustine Campus.
Professor Robert Barro, Paul M. Warburg Professor of Economics, Harvard University, is one of the most distinguished living economists. He has published many influential books and articles, including some of the most popular textbooks used by students of Economics.
The 2010 SALISES Conference, themed “Turmoil and turbulence in small developing states: Going beyond survival,” was officially opened at a formal ceremony on Wednesday 24th March, 2010 at 9.00 a.m. at the Hyatt Regency Hotel, Port of Spain.
For more information, please contact Francine Alleyne at Francine.Alleyne@sta.uwi.edu or (868) 662-2002 Ext. 2038/2391/2392.
For the latest UWI News, click sta.uwi.edu/news.
Workshops on Learning in Macroeconomics and Finance, Macro and Micro Perspectives on Taxation, Time Series Analysis in Macro and Finance, and Understanding Civil Conflict.
About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE
02.02.02 Nicaragua.
Cowboy drives cattle across the river Coco at Teotecacinte the border with Honduras.
The Pacific Coast of Nicaragua was settled as a Spanish colony from Panama in the early 16th century. Independence from Spain was declared in 1821 and the country became an independent republic in 1838. Britain occupied the Caribbean Coast in the first half of the 19th century, but gradually ceded control of the region in subsequent decades. Violent opposition to governmental manipulation and corruption spread to all classes by 1978 and resulted in a short-lived civil war that brought the Marxist Sandinista guerrillas to power in 1979. Nicaraguan aid to leftist rebels in El Salvador caused the US to sponsor anti-Sandinista contra guerrillas through much of the 1980s. Free elections in 1990, 1996, and again in 2001 saw the Sandinistas defeated. The country has slowly rebuilt its economy during the 1990s, but was hard hit by Hurricane Mitch in 1998.
Nicaragua, one of the hemisphere's poorest countries, faces low per capita income, flagging socio-economic indicators, and huge external debt. Distribution of income is one of the most unequal on the globe. While the country has made progress toward macroeconomic stability over the past few years, a banking crisis and scandal has shaken the economy. Nicaragua will continue to be dependent on international aid and debt relief under the Heavily Indebted Poor Countries (HIPC) initiative. Donors have made aid conditional on the openness of government financial operation, poverty alleviation, and human rights. Nicaragua met the conditions for additional debt service relief in December 2000. Growth should move up moderately in 2003 because of increased private investment and exports.
Workshops on Bounded Rationality in Choice, Firms in the Global Economy, International Capital Flows, and Theoretical and Experimental Macroeconomics.
About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE
PHOTO BY ANEEL KARIM
The University of the West Indies (UWI) Sir Arthur Lewis Institute of Social & Economic Studies (SALISES) held its 11th annual conference from March 24th to 26th, 2010. The highlight of the Conference is the 2010 Distinguished Sir Arthur Lewis Lecture, by Professor Robert Barro, on “Macroeconomic Effects from Government Purchases and Taxes.” This event took place on Wednesday 24th March, beginning at 6.30 p.m. at the Daaga Auditorium, UWI St. Augustine Campus, and is open to the general public.
Professor Robert Barro, Paul M. Warburg Professor of Economics, Harvard University, is one of the most distinguished living economists. He has published many influential books and articles, including some of the most popular textbooks used by students of Economics.
The 2010 SALISES Conference, themed “Turmoil and turbulence in small developing states: Going beyond survival,” was officially opened at a formal ceremony on Wednesday 24th March, 2010 at 9.00 a.m. at the Hyatt Regency Hotel, Port of Spain.
Leading economists gather at the University of Chicago for the second half of the Conference for the Handbook of Macroeconomics, Volume 2.
Leading economists gather at the University of Chicago for the second half of the Conference for the Handbook of Macroeconomics, Volume 2.
Workshops on Bounded Rationality in Choice, Firms in the Global Economy, International Capital Flows, and Theoretical and Experimental Macroeconomics.
About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE
epa03591423 A Thai woman carries boxes of goods to storage next to an advertisement at a convenience shop in a shopping street, Bangkok, Thailand, 20 February 2013. Thailand's economy in 2013 will grow between 4.5 to 5.5 percent after the gross domestic product rose 18.9 percent in the three months through December 2012 after expanding a revised 3.1 percent in the previous quarter marking the fastest growth since Thailand began compiling data in 1993 as a result of rising domestic consumption and investment due to the global economy continues to recover, according to the National Economic and Social Development Board (NESDB). EPA/RUNGROJ YONGRIT +++(c) dpa - Bildfunk+++
Professor Amin Rajan, Founder, Create Research.
Wei Li, Head of EMEA Investment Strategy for BlackRock ETF & Index Investments at BlackRock.
Florian Ielpo, Head of Macroeconomic Research, Cross Asset Solutions at Unigestion.
Theodore Economou, CIO, Multi-asset, Lombard Odier Asset Management.
Justin Onuekwusi, Fund Manager, Head of Retail Multi-Assets Team at Legal & General Investment Management.
everyone looking serious and talking serious stuff....but not for long...this was before they got their drinks....
To what extent can we prepare for the global shifts reshaping our world? How should we respond to digitalisation, urbanisation, resource scarcity and economic power shifts? Will futureproofing today make for a better tomorrow? The Megatrends session explored global macroeconomic and geostrategic forces that are shaping the region and our world in significant ways. It was recorded before a live audience who asked questions directly to the panelists, and was later transmitted for the EBRD podcast series. This panel aimed to expose the depth and complexity of these Megatrends which will require innovative and collaborative solutions at the local, national, regional and international levels. With the help of five well-known thought leaders, the session discussed the major trends, their drivers, opportunities and risks, as well as explored what actions might help to manage the waves of disruptive transitions.
Moderator
Jonathan Charles
Managing Director, Communications, EBRD
Speakers
Neil Buckley
Chief Leader Writer, Financial Times Ltd.
Sergei Guriev
Chief Economist, EBRD
Tim Judah
Reporter, The Economist / Fellow at IWM - Institute for Human Sciences
Alexia Latortue
Managing Director, Corporate Strategy, EBRD
Kerrie Law
Associate, Corporate Strategy, EBRD
Record levels of US debt and a broad dispersion of global economic power is reigniting debates around alternatives to the US dollar as a reserve currency. However, alternatives to the dollar will require close cooperation amongst the emerging economic powers.
1) Do BRIC economies share a common view on reserve currencies and the need to move to a “basket” approach?
2) What are the technical and political challenges to creating an alternative to US dollar reserves?
Moderator
* Douglas Busvine, Director Russia/CIS, Medley Global Advisors
Panelists
* Sergei Drobyshevsky, Head of Area Research, Macroeconomics and Finance, Institute for the Economy in Transition
* João Carlos Ferraz, Managing Director, National Development Bank of Brazil
* Petr Fradkov, Deputy Chairman, State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank
* Jiping Li, Executive Vice President, China Development Bank
* Ousmène Jacques Mandeng, Head of Public Sector Investment Advisory, Ashmore Group
* Sergei Naryshkin, Chief of Staff of the Presidential Executive Office
* Jim O'Neill, Head of Global Research, Goldman Sachs
* Alexander Yakovenko, Deputy Minister of Foreign Affairs of the Russian Federation
Copyright St.Petersburg International Economic Forum (http://forumspb.com/en/)
Workshops on Learning in Macroeconomics and Finance, Macro and Micro Perspectives on Taxation, Time Series Analysis in Macro and Finance, and Understanding Civil Conflict.
About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE
2019-06-10: Dr. Hanan Morsy, Director, Macroeconomic Policy, Forecasting and Research Department, African Development Bank during the Launch of African Economic Outlook at the AU Summit in Addis Ababa, Ethiopia.
Workshops on Learning in Macroeconomics and Finance, Macro and Micro Perspectives on Taxation, Time Series Analysis in Macro and Finance, and Understanding Civil Conflict.
About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE
Workshops on Bounded Rationality in Choice, Firms in the Global Economy, International Capital Flows, and Theoretical and Experimental Macroeconomics.
About the Barcelona GSE Summer Forum: j.mp/SummerForumBarcelonaGSE
Ian Bremmer, President, Eurasia Group, USA; Young Global Leader Alumnus; Global Agenda Council on Geo-economics, Li Huaizhen, President, China Minsheng Investment, People's Republic of China, Malik Samarawickrama, Minister of Development Strategies and International Trade of Sri Lanka and Tatiana Valovaya, Minister for Integration and Macroeconomics, Eurasian Economic Commission, Moscow at the World Economic Forum - Annual Meeting of the New Champions in Tianjin, People's Republic of China 2016. Copyright by World Economic Forum / Faruk Pinjo
unctad.org/Symposium2013 - Delegates from the European Union, Austria, Belgium and Ireland attend the first plenary session, which discusses "Macroeconomic and Financial Governance on the Road to 2015" at the UNCTAD PubIic Symposium - Geneva, Switzerland, June 24. The Symposium lasts two days as delegates, representatives, government officials and interested observers from international backgrounds flock to engage in an open and interactive dialogue on key trade and development issues.
To what extent can we prepare for the global shifts reshaping our world? How should we respond to digitalisation, urbanisation, resource scarcity and economic power shifts? Will futureproofing today make for a better tomorrow? The Megatrends session explored global macroeconomic and geostrategic forces that are shaping the region and our world in significant ways. It was recorded before a live audience who asked questions directly to the panelists, and was later transmitted for the EBRD podcast series. This panel aimed to expose the depth and complexity of these Megatrends which will require innovative and collaborative solutions at the local, national, regional and international levels. With the help of five well-known thought leaders, the session discussed the major trends, their drivers, opportunities and risks, as well as explored what actions might help to manage the waves of disruptive transitions.
Moderator
Jonathan Charles
Managing Director, Communications, EBRD
Speakers
Neil Buckley
Chief Leader Writer, Financial Times Ltd.
Sergei Guriev
Chief Economist, EBRD
Tim Judah
Reporter, The Economist / Fellow at IWM - Institute for Human Sciences
Alexia Latortue
Managing Director, Corporate Strategy, EBRD
Kerrie Law
Associate, Corporate Strategy, EBRD