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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessTurkey Starts Mass Vaccinations; Economist Warns GDP Forecasts 'Overly Optimistic'
LOCAL NEWS
- Turkey to start mass vaccinations today, despite questionable Sinovac results in brazil (60% effective).
- Turkey has purchased 50m doses, with 3m having arrived.
- 1.1m healthcare workers to be vaccinated first & vaccines will be distributed to 81 provinces - Hurriyet Daily
- Local economist warns World Bank & Reuters predictions for 4.5% & 4% growth in 2021 are overly optimistic. Says financing is simply not present or forthcoming, noting a sharp slowdown in credit growth.
- Also highlights the inability for Turkish banks to grant long-term loans to manufacturers to expand capacity or build factories due to a mismatch in banking deposits which have an average maturity of 3-months.
- Nov BOP data also shows banks are not expecting an investment boom, making net foreign loan repayments of $629m vs other industries $191m - Ahval
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.