COVID-19 salg\u0131n\u0131 nedeniyle duraksaman\u0131n ya\u015fand\u0131\u011f\u0131 2020 ikinci \u00e7eyrekte sert daralan T\u00fcrkiye ekonomisi \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrekte g\u00fc\u00e7l\u00fc bir toparlanma kaydetmi\u015ftir. 2020 \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrekte, mevsim ve takvim etkisinden ar\u0131nd\u0131r\u0131lm\u0131\u015f gayri safi yurti\u00e7i has\u0131la (GSYH) bir \u00f6nceki d\u00f6neme k\u0131yasla %15,6 b\u00fcy\u00fcrken, takvim etkisinden ar\u0131nd\u0131r\u0131lm\u0131\u015f GSYH\u2019de y\u0131ll\u0131k bazda b\u00fcy\u00fcme %6,5 olarak ger\u00e7ekle\u015fmi\u015ftir. Ar\u0131nd\u0131r\u0131lmam\u0131\u015f verilere g\u00f6re GSYH\u2019de y\u0131ll\u0131k bazda b\u00fcy\u00fcme %5,5 olan piyasa ortalama beklentisinin \u00fczerinde %6,7 seviyesinde gelmi\u015ftir. Ekonomideki bu toparlanmada \u00f6zel sekt\u00f6r t\u00fcketiminin
ve yat\u0131r\u0131m harcamalar\u0131n\u0131n etkili oldu\u011fu g\u00f6r\u00fcl\u00fcrken, net d\u0131\u015f talep b\u00fcy\u00fcmeyi s\u0131n\u0131rlam\u0131\u015ft\u0131r. \u00dcretim taraf\u0131ndan bak\u0131ld\u0131\u011f\u0131nda ise genele yay\u0131lan art\u0131\u015flar g\u00f6zlenmi\u015ftir. Bu sonu\u00e7larla, 2020 Ocak-Eyl\u00fcl d\u00f6neminde GSYH 2019\u2019un ayn\u0131 d\u00f6nemine g\u00f6re %0,5 b\u00fcy\u00fcm\u00fc\u015ft\u00fcr. 2020 ikinci \u00e7eyrekte 743,9 milyar dolar olan y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f dolar baz\u0131nda GSYH, 2020 \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrekte 736,10 milyar dolar seviyesine inmi\u015ftir.<\/p>\n\n\n\n
D\u00f6viz kurlar\u0131ndaki oynakl\u0131k ve normalle\u015fme s\u00fcrecinin yol a\u00e7t\u0131\u011f\u0131 kapasite k\u0131s\u0131tlar\u0131n\u0131n yan\u0131nda g\u0131da fiyatlar\u0131ndaki h\u0131zl\u0131 art\u0131\u015flarla enflasyon y\u00fckseli\u015f e\u011filimini s\u00fcrd\u00fcrmektedir. Eyl\u00fcl\u2019de %11,7 olan genel t\u00fcketici fiyatlar\u0131 endeksi (T\u00dcFE) y\u0131ll\u0131k enflasyonu Aral\u0131k ay\u0131 itibar\u0131yla %14,6 seviyesine y\u00fckselmi\u015ftir. Bu d\u00f6nemde \u00e7ekirdek enflasyon g\u00f6stergelerinde d\u00f6viz kurlar\u0131n\u0131n gecikmeli etkileriyle y\u00fckseli\u015fler devam etmi\u015ftir. Bununla birlikte, d\u00f6viz kuru ve uluslararas\u0131 emtia fiyatlar\u0131ndaki
geli\u015fmelerin yol a\u00e7t\u0131\u011f\u0131 maliyet bask\u0131s\u0131yla yurti\u00e7i \u00fcretici fiyatlar\u0131 endeksi (Yi-\u00dcFE) y\u0131ll\u0131k enflasyonu Eyl\u00fcl\u2019deki %14,3\u2019ten Ekim\u2019de %18,2\u2019ye, Kas\u0131m\u2019da %23,1\u2019e ve Aral\u0131k\u2019ta %25,1\u2019e ula\u015fm\u0131\u015ft\u0131r.<\/p>\n\n\n\n
Enflasyon g\u00f6r\u00fcn\u00fcm\u00fcndeki artan riskler \u00fczerine TCMB politika faizini y\u00fckseltirken, para politikas\u0131 \u00e7er\u00e7evesinde sadele\u015fme ad\u0131mlar\u0131 atm\u0131\u015ft\u0131r. Ekim ay\u0131 toplant\u0131s\u0131nda faizleri de\u011fi\u015ftirmeyen TCMB \u00f6nce Kas\u0131m ay\u0131 toplant\u0131s\u0131nda %10,25 olan haftal\u0131k repo faizini %15,00\u2019a y\u00fckseltmi\u015f, ard\u0131ndan bu oran\u0131 Aral\u0131k ay\u0131nda %17\u2019ye \u00e7\u0131karm\u0131\u015ft\u0131r. Bununla birlikte, piyasan\u0131n fonlamas\u0131 haftal\u0131k repo ihaleleriyle kar\u015f\u0131lanmaya ba\u015flanm\u0131\u015ft\u0131r.
Ayn\u0131 zamanda TCMB reel kredi b\u00fcy\u00fcmesine dayal\u0131 ve sekt\u00f6rel bazda ayr\u0131\u015fan zorunlu kar\u015f\u0131l\u0131k sistemini sonland\u0131rarak sadele\u015fmeye gitmi\u015ftir. Bu kapsamda efektif olarak zorunlu kar\u015f\u0131l\u0131klarda y\u00fckseli\u015fe gidilerek finansal ko\u015fullar s\u0131k\u0131la\u015ft\u0131r\u0131larak enflasyonla m\u00fccadeleyi g\u00fc\u00e7lendirmek amac\u0131yla parasal aktar\u0131m mekanizmas\u0131 desteklenmi\u015ftir. Son olarak Ocak toplant\u0131s\u0131nda faizleri de\u011fi\u015ftirmezken, s\u00f6zl\u00fc y\u00f6nlendirmesinde yapt\u0131\u011f\u0131 de\u011fi\u015fikliklerle gerekmesi halinde ilave s\u0131k\u0131la\u015ft\u0131rma yap\u0131labilece\u011fini ve s\u0131k\u0131 duru\u015fun uzun s\u00fcre korunaca\u011f\u0131n\u0131 vurgulam\u0131\u015ft\u0131r. Bankac\u0131l\u0131k D\u00fczenleme ve Denetleme
Kurulu salg\u0131n d\u00f6neminde al\u0131nan tedbirleri kademeli olarak geri \u00e7ekmeye ba\u015flam\u0131\u015ft\u0131r. Bu kapsamda Aktif Rasyosu (AR) uygulamas\u0131n\u0131n y\u0131l sonundan itibaren sonland\u0131r\u0131lmas\u0131na karar verilmi\u015ftir. Ayn\u0131 zamanda yurtd\u0131\u015f\u0131 yerle\u015fiklerle yap\u0131lan i\u015flemlere y\u00f6nelik k\u0131s\u0131tlamalar hafifletilmi\u015ftir. Son d\u00f6nemde finansal piyasalar COVID-19\u2019a kar\u015f\u0131 geli\u015ftirilen a\u015f\u0131lara y\u00f6nelik olumlu geli\u015fmeler ile ba\u015flayan a\u015f\u0131lama faaliyetleri, artan vaka say\u0131lar\u0131 ve d\u00fcnya genelinde a\u00e7\u0131klanan makroekonomik verilerle y\u00f6n bulmu\u015ftur. Geli\u015fmi\u015f ekonomilerde destekleyici para ve maliye politikalar\u0131 korunurken, a\u00e7\u0131klanan
veriler k\u00fcresel ekonominin artan vaka say\u0131lar\u0131yla bir miktar h\u0131z kesmi\u015f olabilece\u011fine i\u015faret etmi\u015ftir. COVID-19\u2019a kar\u015f\u0131 geli\u015ftirilen a\u015f\u0131lara y\u00f6nelik olumlu haberler orta vadede salg\u0131n\u0131n kontrol alt\u0131na al\u0131nma ihtimalini g\u00fc\u00e7lendirmektedir. Uluslararas\u0131 kurulu\u015flar bu geli\u015fmeler sonras\u0131 k\u00fcresel g\u00f6r\u00fcn\u00fcme ili\u015fkin beklentilerini bir miktar iyile\u015ftirse de risklerin s\u00fcrd\u00fc\u011f\u00fcn\u00fc hat\u0131rlatmaktad\u0131r.<\/p>\n","protected":false},"excerpt":{"rendered":"
COVID-19 salg\u0131n\u0131 nedeniyle duraksaman\u0131n ya\u015fand\u0131\u011f\u0131 2020 ikinci \u00e7eyrekte sert daralan T\u00fcrkiye ekonomisi \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrekte g\u00fc\u00e7l\u00fc bir toparlanma kaydetmi\u015ftir. 2020 \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrekte, mevsim ve takvim etkisinden ar\u0131nd\u0131r\u0131lm\u0131\u015f gayri safi yurti\u00e7i has\u0131la (GSYH) bir \u00f6nceki d\u00f6neme k\u0131yasla %15,6 b\u00fcy\u00fcrken, takvim etkisinden ar\u0131nd\u0131r\u0131lm\u0131\u015f GSYH\u2019de y\u0131ll\u0131k bazda b\u00fcy\u00fcme %6,5 olarak ger\u00e7ekle\u015fmi\u015ftir. Ar\u0131nd\u0131r\u0131lmam\u0131\u015f verilere g\u00f6re GSYH\u2019de y\u0131ll\u0131k bazda b\u00fcy\u00fcme %5,5 olan piyasa ortalama beklentisinin \u00fczerinde %6,7 seviyesinde gelmi\u015ftir. Ekonomideki bu toparlanmada \u00f6zel sekt\u00f6r t\u00fcketimininve yat\u0131r\u0131m harcamalar\u0131n\u0131n etkili oldu\u011fu g\u00f6r\u00fcl\u00fcrken, net d\u0131\u015f talep b\u00fcy\u00fcmeyi s\u0131n\u0131rlam\u0131\u015ft\u0131r. \u00dcretim taraf\u0131ndan bak\u0131ld\u0131\u011f\u0131nda ise genele yay\u0131lan art\u0131\u015flar g\u00f6zlenmi\u015ftir. Bu sonu\u00e7larla, 2020 Ocak-Eyl\u00fcl d\u00f6neminde GSYH 2019\u2019un ayn\u0131 d\u00f6nemine g\u00f6re %0,5 b\u00fcy\u00fcm\u00fc\u015ft\u00fcr. 2020 ikinci \u00e7eyrekte 743,9 milyar dolar olan y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f dolar baz\u0131nda GSYH, 2020 \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrekte 736,10 milyar dolar seviyesine inmi\u015ftir. D\u00f6viz kurlar\u0131ndaki oynakl\u0131k ve normalle\u015fme s\u00fcrecinin yol a\u00e7t\u0131\u011f\u0131 kapasite k\u0131s\u0131tlar\u0131n\u0131n yan\u0131nda g\u0131da fiyatlar\u0131ndaki h\u0131zl\u0131 art\u0131\u015flarla enflasyon y\u00fckseli\u015f e\u011filimini s\u00fcrd\u00fcrmektedir. Eyl\u00fcl\u2019de %11,7 olan genel t\u00fcketici fiyatlar\u0131 endeksi (T\u00dcFE) y\u0131ll\u0131k enflasyonu Aral\u0131k ay\u0131 itibar\u0131yla %14,6 seviyesine y\u00fckselmi\u015ftir. Bu d\u00f6nemde \u00e7ekirdek enflasyon g\u00f6stergelerinde d\u00f6viz kurlar\u0131n\u0131n gecikmeli etkileriyle y\u00fckseli\u015fler devam etmi\u015ftir. Bununla birlikte, d\u00f6viz kuru ve uluslararas\u0131 emtia fiyatlar\u0131ndakigeli\u015fmelerin yol a\u00e7t\u0131\u011f\u0131 maliyet bask\u0131s\u0131yla yurti\u00e7i \u00fcretici fiyatlar\u0131 endeksi (Yi-\u00dcFE) y\u0131ll\u0131k enflasyonu Eyl\u00fcl\u2019deki %14,3\u2019ten Ekim\u2019de %18,2\u2019ye, Kas\u0131m\u2019da %23,1\u2019e ve Aral\u0131k\u2019ta %25,1\u2019e ula\u015fm\u0131\u015ft\u0131r. Enflasyon g\u00f6r\u00fcn\u00fcm\u00fcndeki artan riskler \u00fczerine TCMB politika faizini y\u00fckseltirken, para politikas\u0131 \u00e7er\u00e7evesinde sadele\u015fme ad\u0131mlar\u0131 atm\u0131\u015ft\u0131r. Ekim ay\u0131 toplant\u0131s\u0131nda faizleri de\u011fi\u015ftirmeyen TCMB \u00f6nce Kas\u0131m ay\u0131 toplant\u0131s\u0131nda %10,25 olan haftal\u0131k repo faizini %15,00\u2019a y\u00fckseltmi\u015f, ard\u0131ndan bu oran\u0131 Aral\u0131k ay\u0131nda %17\u2019ye \u00e7\u0131karm\u0131\u015ft\u0131r. Bununla birlikte, piyasan\u0131n fonlamas\u0131 haftal\u0131k repo ihaleleriyle kar\u015f\u0131lanmaya ba\u015flanm\u0131\u015ft\u0131r.Ayn\u0131 zamanda TCMB reel kredi b\u00fcy\u00fcmesine dayal\u0131 ve sekt\u00f6rel bazda ayr\u0131\u015fan zorunlu kar\u015f\u0131l\u0131k sistemini sonland\u0131rarak sadele\u015fmeye gitmi\u015ftir. Bu kapsamda efektif olarak zorunlu kar\u015f\u0131l\u0131klarda y\u00fckseli\u015fe gidilerek finansal ko\u015fullar s\u0131k\u0131la\u015ft\u0131r\u0131larak enflasyonla m\u00fccadeleyi g\u00fc\u00e7lendirmek amac\u0131yla parasal aktar\u0131m mekanizmas\u0131 desteklenmi\u015ftir. Son olarak Ocak toplant\u0131s\u0131nda faizleri de\u011fi\u015ftirmezken, s\u00f6zl\u00fc y\u00f6nlendirmesinde yapt\u0131\u011f\u0131 de\u011fi\u015fikliklerle gerekmesi halinde ilave s\u0131k\u0131la\u015ft\u0131rma yap\u0131labilece\u011fini ve s\u0131k\u0131 duru\u015fun uzun s\u00fcre korunaca\u011f\u0131n\u0131 vurgulam\u0131\u015ft\u0131r. Bankac\u0131l\u0131k D\u00fczenleme ve DenetlemeKurulu salg\u0131n d\u00f6neminde al\u0131nan tedbirleri kademeli olarak geri \u00e7ekmeye ba\u015flam\u0131\u015ft\u0131r. Bu kapsamda Aktif Rasyosu (AR) uygulamas\u0131n\u0131n y\u0131l sonundan itibaren sonland\u0131r\u0131lmas\u0131na karar verilmi\u015ftir. Ayn\u0131 zamanda yurtd\u0131\u015f\u0131 yerle\u015fiklerle yap\u0131lan i\u015flemlere y\u00f6nelik k\u0131s\u0131tlamalar hafifletilmi\u015ftir. Son d\u00f6nemde finansal piyasalar COVID-19\u2019a kar\u015f\u0131 geli\u015ftirilen a\u015f\u0131lara y\u00f6nelik olumlu geli\u015fmeler ile ba\u015flayan a\u015f\u0131lama faaliyetleri, artan vaka say\u0131lar\u0131 ve d\u00fcnya genelinde a\u00e7\u0131klanan makroekonomik verilerle y\u00f6n bulmu\u015ftur. Geli\u015fmi\u015f ekonomilerde destekleyici para ve maliye politikalar\u0131 korunurken, a\u00e7\u0131klananveriler k\u00fcresel ekonominin artan vaka say\u0131lar\u0131yla bir miktar h\u0131z kesmi\u015f olabilece\u011fine i\u015faret etmi\u015ftir. COVID-19\u2019a kar\u015f\u0131 geli\u015ftirilen a\u015f\u0131lara y\u00f6nelik olumlu haberler orta vadede salg\u0131n\u0131n kontrol alt\u0131na al\u0131nma ihtimalini g\u00fc\u00e7lendirmektedir. Uluslararas\u0131 kurulu\u015flar bu geli\u015fmeler sonras\u0131 k\u00fcresel g\u00f6r\u00fcn\u00fcme ili\u015fkin beklentilerini bir miktar iyile\u015ftirse de risklerin s\u00fcrd\u00fc\u011f\u00fcn\u00fc hat\u0131rlatmaktad\u0131r.<\/p>\n","protected":false},"author":2,"featured_media":1505,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,1,2],"tags":[],"class_list":["post-1503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","category-genel","category-manset"],"_links":{"self":[{"href":"https:\/\/tr.sektorturk.com\/index.php?rest_route=\/wp\/v2\/posts\/1503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tr.sektorturk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tr.sektorturk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tr.sektorturk.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tr.sektorturk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1503"}],"version-history":[{"count":1,"href":"https:\/\/tr.sektorturk.com\/index.php?rest_route=\/wp\/v2\/posts\/1503\/revisions"}],"predecessor-version":[{"id":1504,"href":"https:\/\/tr.sektorturk.com\/index.php?rest_route=\/wp\/v2\/posts\/1503\/revisions\/1504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tr.sektorturk.com\/index.php?rest_route=\/wp\/v2\/media\/1505"}],"wp:attachment":[{"href":"https:\/\/tr.sektorturk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tr.sektorturk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tr.sektorturk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}