ChemOrbis Gaziantep Petrochemicals Summit: Turkish Economy in between global and regional factors
Evaluating the economic and political conditions in the pre-referendum period in Turkey, Şengül questioned as to whether the focus of the country would shift to external agenda in the post-referendum period.
Regarding the obstacles in front of the economic growth, Şengül underlined the importance of liquidity and defined the liquidity from abroad as the most important requirement for the economic growth of countries including Turkey, which are not able to economize. Analyzing the upward revisions in the IMF forecasts based on the IMF World Economic Outlook, April 2017, Şengül evaluated the proposed results in the reports.
In another note, pointing out the importance of the international agencies, Şengül remarked that pressure on the exchange rate, firmer bond yields due to high risk premium along with political instability and increasing geopolitical risks result in lower investable grade, meaning possible risks for investors.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- December hints at further hikes in Europe’s PS, ABS markets
- Global polymer markets face soaring freights amid pent-up demand
- RCEP to boost Asia-Pacific polymer trade; will global PP, PE trade flows change?
- PVC sellers’ India pricing strategy may differ from other Asian markets
- More US PE offers find way to China, SE Asia; yet allocations still limited
- European PVC market hits 2-year high on tightness
- Supply constraints send key ABS markets to new highs
- Tightness leads to renewed PP hikes in China; Saudi raffia moves above $1000 CIF
- Asian PVC players brace for 7th straight monthly hike in Taiwanese major’s delayed Dec offers
- Saudi major seeks hikes for November in global PE, PP markets