7 Notable Developments in the Financial World: Weekly Analysis

Monthly Economic Report: Highlights of the Week

1. IMF Updates Turkey's Growth Forecasts

The International Monetary Fund (IMF) has raised its growth forecast for Turkey for 2025 from 3% to 3.5%. This development was interpreted as a strengthening of Turkey's economic stability.

2. Fitch's Inflation and Growth Expectations for Turkey

Fitch Ratings has forecast that inflation in Turkey will fall to 28% by the end of 2025 and to 21% by the end of 2026. These forecasts are significant indicators for investors.

3. Record Increase in Housing Sales in Turkey

Turkish Statistical Institute (TÜİK) announced the housing sales data for September 2023. The 150,657 housing sales recorded in September marked the highest monthly figure for 2025.

4. Important Statement from Fed Chair Powell

Jerome Powell stated that the Federal Reserve could pause its balance sheet reduction process in the coming months. This situation may cause fluctuations in the markets.

5. Budget Deficit in September

The central government budget recorded a deficit of 309.6 billion TL in September. This data has sparked discussions about the economic situation and will be monitored in the upcoming period.

6. New Peak in Gold Prices

Gold prices have surpassed 4,300 dollars, reaching a record level. This situation may increase demand for precious metals among investors.

7. Rise in Inflation Expectations

Central Bank of the Republic of Turkey (TCMB) published the October market participants survey. In October, the inflation expectation for 12 months later rose to 23.26%; the previous survey showed this rate at 22.25%.