{"id":8466,"date":"2023-09-08T20:50:43","date_gmt":"2023-09-08T20:50:43","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2023\/09\/08\/fitch-turkiyenin-kredi-notunu-ve-gorunumunu-acikladi-iste-detaylar\/"},"modified":"2023-09-08T20:50:43","modified_gmt":"2023-09-08T20:50:43","slug":"fitch-turkiyenin-kredi-notunu-ve-gorunumunu-acikladi-iste-detaylar","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2023\/09\/08\/fitch-turkiyenin-kredi-notunu-ve-gorunumunu-acikladi-iste-detaylar\/","title":{"rendered":"Fitch, T\u00fcrkiye\u2019nin kredi notunu ve g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc a\u00e7\u0131klad\u0131! \u0130\u015fte detaylar"},"content":{"rendered":"<p>Orta Vadeli Program\u2019\u0131n (OVP) a\u00e7\u0131klanmas\u0131ndan sonra yat\u0131r\u0131mc\u0131lar taraf\u0131ndan g\u00f6zler Fitch\u2019in T\u00fcrkiye\u2019nin kredi derecelendirme notu ve yapaca\u011f\u0131 a\u00e7\u0131klamaya \u00e7evrildi. 9 Eyl\u00fcl 2023 tarihinde Uluslararas\u0131 kredi derecelendirme kurulu\u015fu Fitch, T\u00fcrkiye\u2019nin kredi notu ve g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc a\u00e7\u0131klad\u0131. <\/p>\n<p>Fitch T\u00fcrkiye ekonomisine ili\u015fkin de\u011ferlendirmesinde,<\/p>\n<p><strong>Fitch<\/strong>, T\u00fcrkiye\u2019nin kredi notunu \u201cB\u201d olarak teyit etti, g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc \u201cnegatif\u201dten \u201cdura\u011fan\u201da revize etti.<\/p>\n<div class=\"kanews-banner kanews-banner-single\">\n<div style=\"min-height:280px\" data-empower-zone=\"159899\" class=\"empower-ad\"><\/div>\n<\/div>\n<p>Fitch 18 Mart 2023\u2019teki de\u011ferlendirmesinde T\u00fcrkiye\u2019nin kredi notunu<strong>\u00a0\u201cB\u201d<\/strong>, g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc ise\u00a0<strong>\u201cnegatif\u201d<\/strong>\u00a0olarak teyit etmi\u015fti. <\/p>\n<p>Fitch de\u011ferlendirmesinde;<\/p>\n<p><strong>\u00d6nemli Politika De\u011fi\u015fikli\u011fi:<\/strong>\u00a0G\u00f6r\u00fcn\u00fcm\u00fcn Dura\u011fan\u2019a revize edilmesi, k\u0131sa vadeli makro-finansal istikrar risklerini azaltan ve \u00f6demeler dengesi bask\u0131lar\u0131n\u0131 hafifleten daha geleneksel ve tutarl\u0131 bir politika kar\u0131\u015f\u0131m\u0131na d\u00f6n\u00fc\u015f\u00fc yans\u0131t\u0131yor.\u00a0K\u0131smen siyasi m\u00fclahazalardan dolay\u0131, enflasyonu d\u00fc\u015f\u00fcrmeye y\u00f6nelik politika d\u00fczenlemelerinin b\u00fcy\u00fckl\u00fc\u011f\u00fc, kal\u0131c\u0131l\u0131\u011f\u0131 ve ba\u015far\u0131s\u0131 konusunda h\u00e2l\u00e2 belirsizlik var.<\/p>\n<p>T\u00fcrkiye\u2019nin \u2018B\u2019 notu, siyasi m\u00fcdahale, y\u00fcksek enflasyon, y\u00fcksek d\u0131\u015f finansman ihtiya\u00e7lar\u0131na g\u00f6re zay\u0131f d\u0131\u015f tamponlar ve mali dolarizasyonu yans\u0131t\u0131yor.\u00a0Bu zay\u0131fl\u0131klar, devletin emsallerine g\u00f6re d\u00fc\u015f\u00fck genel h\u00fck\u00fcmet borcu, d\u0131\u015f pazara eri\u015fim ge\u00e7mi\u015fi ve y\u00f6netilebilir bor\u00e7 geri \u00f6deme profili ile dengeleniyor.<\/p>\n<p><a href=\"https:\/\/t.me\/rotaborsa_halkaarz\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark class=\"has-inline-color has-vivid-red-color\">Borsa ve halka arzlar ile ilgili geli\u015fmeleri en h\u0131zl\u0131 \u015fekilde \u00f6\u011frenmek ve Rotaborsa telegram hesab\u0131n\u0131 takip etmek i\u00e7in t\u0131klay\u0131n\u0131z.<\/mark><\/strong><\/a><\/p>\n<p><strong>Politika Tutarl\u0131l\u0131\u011f\u0131n\u0131n Artt\u0131r\u0131lmas\u0131:<\/strong>\u00a0Cumhurba\u015fkan\u0131 Erdo\u011fan, faiz oranlar\u0131n\u0131 ana para politikas\u0131 arac\u0131 olarak yeniden uygulamaya koyan ve artan b\u00fct\u00e7e a\u00e7\u0131\u011f\u0131n\u0131 kontrol alt\u0131na alarak ve kredi b\u00fcy\u00fcmesinin kompozisyonunu ve h\u0131z\u0131n\u0131 de\u011fi\u015ftirerek i\u00e7 talebi yava\u015flatarak politika tutarl\u0131l\u0131\u011f\u0131n\u0131 iyile\u015ftirmeyi ama\u00e7layan yeni bir ekonomi ekibi atad\u0131. .\u00a0Ayr\u0131ca, uluslararas\u0131 rezervler \u00fczerindeki bask\u0131y\u0131 hafifleten se\u00e7im \u00f6ncesi g\u00f6receli istikrar\u0131n aksine, liran\u0131n de\u011fer kaybetmesine de izin verdiler (May\u0131s ay\u0131ndan bu yana &amp;).<\/p>\n<p><strong>Para Politikas\u0131 Normalle\u015fmesi\u00a0,\u00a0Siyasi\u00a0Riskler\u00a0:<\/strong>\u00a0T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131 Haziran ay\u0131ndan bu yana politika faizini 1650 baz puan art\u0131rarak %\u2019e \u00e7\u0131kard\u0131.\u00a0Mevduat ve kredi faizlerinin ana politika faizinin \u00fczerine \u00e7\u0131kar\u0131lmas\u0131na y\u00f6nelik mevcut hedeflenen mali d\u00fczenlemelerdeki de\u011fi\u015fikliklerle desteklenerek enflasyon beklentileri ve \u00e7ekirdek enflasyonun kontrol alt\u0131na al\u0131nmas\u0131 ama\u00e7lan\u0131yor.\u00a0Bankan\u0131n politika faizini 2023 y\u0131l\u0131 sonuna kadar 5\u2019e \u00e7\u0131karaca\u011f\u0131n\u0131 ve 2024\u2019te de bu seviyede kalaca\u011f\u0131n\u0131 tahmin etsek de, para politikas\u0131 s\u0131k\u0131la\u015ft\u0131rmas\u0131n\u0131n gelecekteki h\u0131z\u0131 ve s\u00fcresi konusunda y\u00fcksek d\u00fczeyde belirsizlik mevcut.<\/p>\n<p><strong><a href=\"https:\/\/www.instagram.com\/rotaborsacom\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark class=\"has-inline-color has-vivid-green-cyan-color\">Borsa ve halka arzlar ile ilgili geli\u015fmeleri en h\u0131zl\u0131 \u015fekilde \u00f6\u011frenmek ve Rotaborsa instagram hesab\u0131n\u0131 takip etmek i\u00e7in t\u0131klay\u0131n\u0131z.<\/mark><\/a><\/strong><\/p>\n<p><strong><br \/>\u0130lgili \u0130\u00e7erik:<\/strong><br \/><a href=\"https:\/\/www.fitchratings.com\/research\/sovereigns\/turkiye-rating-action-report-08-09-2023\" target=\"_blank\" rel=\"noopener\">T\u00fcrkiye \u2013 Derecelendirme Aksiyon Raporu<\/a><\/p>\n<p>Fitch Ratings \u2013 Londra \u2013 08 Eyl\u00fcl 2023: Fitch\u00a0Ratings, T\u00fcrkiye\u2019nin Uzun Vadeli Yabanc\u0131 Para (LTFC) \u0130hra\u00e7\u00e7\u0131 Temerr\u00fct Notunun (IDR) G\u00f6r\u00fcn\u00fcm\u00fcn\u00fc Negatif\u2019ten Dura\u011fan\u2019a revize etti ve IDR\u2019yi \u2018B\u2019 olarak onaylad\u0131.<\/p>\n<p>Derecelendirme eylemlerinin tam listesi bu derecelendirme eylemi yorumunun sonunda yer almaktad\u0131r.<\/p>\n<h3 class=\"wp-block-heading\">TEMEL DERECELEND\u0130RME S\u00dcR\u00dcC\u00dcLER\u0130<\/h3>\n<p>T\u00fcrkiye\u2019nin IDR\u2019lerine ili\u015fkin G\u00f6r\u00fcn\u00fcm revizyonu, a\u015fa\u011f\u0131daki temel derecelendirme fakt\u00f6rlerini ve bunlar\u0131n g\u00f6receli a\u011f\u0131rl\u0131klar\u0131n\u0131 yans\u0131tmaktad\u0131r:<\/p>\n<p><strong>Orta<\/strong><\/p>\n<p><strong>\u00d6nemli Politika De\u011fi\u015fikli\u011fi:<\/strong>\u00a0G\u00f6r\u00fcn\u00fcm\u00fcn Dura\u011fan\u2019a revize edilmesi, k\u0131sa vadeli makro-finansal istikrar risklerini azaltan ve \u00f6demeler dengesi bask\u0131lar\u0131n\u0131 hafifleten daha geleneksel ve tutarl\u0131 bir politika kar\u0131\u015f\u0131m\u0131na d\u00f6n\u00fc\u015f\u00fc yans\u0131t\u0131yor.\u00a0K\u0131smen siyasi m\u00fclahazalardan dolay\u0131, enflasyonu d\u00fc\u015f\u00fcrmeye y\u00f6nelik politika d\u00fczenlemelerinin b\u00fcy\u00fckl\u00fc\u011f\u00fc, kal\u0131c\u0131l\u0131\u011f\u0131 ve ba\u015far\u0131s\u0131 konusunda h\u00e2l\u00e2 belirsizlik var.<\/p>\n<p>T\u00fcrkiye\u2019nin \u2018B\u2019 notu, siyasi m\u00fcdahale, y\u00fcksek enflasyon, y\u00fcksek d\u0131\u015f finansman ihtiya\u00e7lar\u0131na g\u00f6re zay\u0131f d\u0131\u015f tamponlar ve mali dolarizasyonu yans\u0131t\u0131yor.\u00a0Bu zay\u0131fl\u0131klar, devletin emsallerine g\u00f6re d\u00fc\u015f\u00fck genel h\u00fck\u00fcmet borcu, d\u0131\u015f pazara eri\u015fim ge\u00e7mi\u015fi ve y\u00f6netilebilir bor\u00e7 geri \u00f6deme profili ile dengeleniyor.<\/p>\n<p><strong>Politika Tutarl\u0131l\u0131\u011f\u0131n\u0131n Artt\u0131r\u0131lmas\u0131:<\/strong>\u00a0Cumhurba\u015fkan\u0131 Erdo\u011fan, faiz oranlar\u0131n\u0131 ana para politikas\u0131 arac\u0131 olarak yeniden uygulamaya koyan ve artan b\u00fct\u00e7e a\u00e7\u0131\u011f\u0131n\u0131 kontrol alt\u0131na alarak ve kredi b\u00fcy\u00fcmesinin kompozisyonunu ve h\u0131z\u0131n\u0131 de\u011fi\u015ftirerek i\u00e7 talebi yava\u015flatarak politika tutarl\u0131l\u0131\u011f\u0131n\u0131 iyile\u015ftirmeyi ama\u00e7layan yeni bir ekonomi ekibi atad\u0131. .\u00a0Ayr\u0131ca, uluslararas\u0131 rezervler \u00fczerindeki bask\u0131y\u0131 hafifleten se\u00e7im \u00f6ncesi g\u00f6receli istikrar\u0131n aksine, liran\u0131n de\u011fer kaybetmesine de izin verdiler (May\u0131s ay\u0131ndan bu yana &amp;).<\/p>\n<p><a href=\"https:\/\/twitter.com\/rotaborsa\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark><mark style=\"background-color:#ffffff\" class=\"has-inline-color has-vivid-cyan-blue-color\">Borsa ve halka arzlar ile ilgili geli\u015fmeleri en h\u0131zl\u0131 \u015fekilde \u00f6\u011frenmek ve Rotaborsa resmi twitter hesab\u0131n\u0131 takip etmek i\u00e7in t\u0131klay\u0131n\u0131z.<\/mark><\/mark><\/strong><\/a><\/p>\n<p><strong>Para Politikas\u0131 Normalle\u015fmesi\u00a0<\/strong><strong>,\u00a0<\/strong><strong>Siyasi\u00a0<\/strong><strong>Riskler\u00a0<\/strong><strong>:<\/strong>\u00a0T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131 Haziran ay\u0131ndan bu yana politika faizini 1650 baz puan art\u0131rarak %\u2019e \u00e7\u0131kard\u0131.\u00a0Mevduat ve kredi faizlerinin ana politika faizinin \u00fczerine \u00e7\u0131kar\u0131lmas\u0131na y\u00f6nelik mevcut hedeflenen mali d\u00fczenlemelerdeki de\u011fi\u015fikliklerle desteklenerek enflasyon beklentileri ve \u00e7ekirdek enflasyonun kontrol alt\u0131na al\u0131nmas\u0131 ama\u00e7lan\u0131yor.\u00a0Bankan\u0131n politika faizini 2023 y\u0131l\u0131 sonuna kadar 5\u2019e \u00e7\u0131karaca\u011f\u0131n\u0131 ve 2024\u2019te de bu seviyede kalaca\u011f\u0131n\u0131 tahmin etsek de, para politikas\u0131 s\u0131k\u0131la\u015ft\u0131rmas\u0131n\u0131n gelecekteki h\u0131z\u0131 ve s\u00fcresi konusunda y\u00fcksek d\u00fczeyde belirsizlik mevcut.<\/p>\n<p><strong><\/strong><strong>Rezervler \u00dczerindeki\u00a0<\/strong><strong>Bask\u0131lar Gev\u015feiyor\u00a0<\/strong><strong>:<\/strong>\u00a0Br\u00fct uluslararas\u0131 rezervler May\u0131s ay\u0131n\u0131n ortas\u0131ndan bu yana g\u00f6zle g\u00f6r\u00fcl\u00fcr bir toparlanma kaydetti ve 2023 sonuna kadar 115 milyar ABD dolar\u0131na ula\u015facaklar\u0131n\u0131 ve 2024\u2019te de nispeten istikrarl\u0131 kalacaklar\u0131n\u0131, mevcut d\u0131\u015f \u00f6demelerin rezerv kapsam\u0131n\u0131n 3,4 tahminin biraz alt\u0131nda, 3,2 aya gelece\u011fini tahmin ediyoruz. \u2018B\u2019 medyan\u0131.\u00a0Merkez bankas\u0131n\u0131n net d\u0131\u015f varl\u0131k pozisyonu, d\u00f6viz swaplar\u0131 hari\u00e7 tutuldu\u011funda \u00f6nemli \u00f6l\u00e7\u00fcde negatif (eksi 67 milyar ABD dolar\u0131) olmaya devam ediyor.<\/p>\n<p>\u00dcstelik, y\u00fcksek finansal dolarizasyon (B,2; d\u00f6viz korumal\u0131 mevduatlar dahil edildi\u011finde X,7) ve b\u00fcy\u00fck d\u0131\u015f finansman gereksinimleri g\u00f6z \u00f6n\u00fcne al\u0131nd\u0131\u011f\u0131nda rezerv kapsam\u0131 zay\u0131f kalmaya devam ediyor.\u00a0Yetkililer d\u00f6viz korumal\u0131 mevduatlar\u0131 (Eyl\u00fcl ay\u0131nda 125,3 milyar ABD dolar\u0131) azaltma niyetlerinin sinyalini verdiler ancak bu, enflasyondaki s\u00fcrd\u00fcr\u00fclebilir iyile\u015fmeye ve liradaki de\u011fer kayb\u0131 beklentilerine ba\u011fl\u0131.<\/p>\n<p>T\u00fcrkiye\u2019nin \u2018B\u2019 IDR\u2019leri ayn\u0131 zamanda a\u015fa\u011f\u0131daki \u00f6nemli derecelendirme fakt\u00f6rlerini de yans\u0131t\u0131yor:<\/p>\n<p><strong>Y\u00fcksek Enflasyon, Daha Yava\u015f B\u00fcy\u00fcme:<\/strong>\u00a0Y\u00fcksek enflasyon, T\u00fcrkiye\u2019nin temel riski ve politika sorunu olmaya devam ediyor.\u00a0Y\u0131ll\u0131k enflasyon, liradaki keskin de\u011fer kayb\u0131n\u0131n do\u011frudan yans\u0131mas\u0131, asgari \u00fccret art\u0131\u015flar\u0131 ve i\u00e7 talebin devam eden g\u00fcc\u00fc nedeniyle g\u00fc\u00e7l\u00fc \u00e7ekirdek enflasyon bask\u0131lar\u0131n\u0131n daha da k\u00f6t\u00fcle\u015fmesiyle A\u011fustos ay\u0131nda keskin bir art\u0131\u015f g\u00f6stererek X,9\u2019a y\u00fckseldi.\u00a0Y\u0131l sonu enflasyonunun 2023\u2019te ortalama Q,9 ile e olaca\u011f\u0131n\u0131 \u00f6ng\u00f6r\u00fcyoruz. Geriye endeksleme riskleri, enflasyon beklentileri, y\u00fcksek emtia fiyatlar\u0131 ve liradaki ilave de\u011fer kayb\u0131 nedeniyle enflasyonun seyri olduk\u00e7a belirsiz olmaya devam ediyor.<\/p>\n<p>Yetkililer i\u00e7 talebi t\u00fcketimden yat\u0131r\u0131ma ve ihracat\u0131 desteklemeye do\u011fru yeniden dengelemeye \u00e7al\u0131\u015f\u0131yor.\u00a0B\u00fcy\u00fcmenin 2023\u2019te %4,3\u2019e ula\u015faca\u011f\u0131n\u0131, ard\u0131ndan 2024\u2019te %3,0\u2019a yava\u015flayaca\u011f\u0131n\u0131 tahmin ediyoruz; zira azalan kredi kullan\u0131labilirli\u011fi ve Mart yerel se\u00e7imlerinden sonra politika te\u015fviklerinin gev\u015fetilmesi, deprem yeniden in\u015fa \u00e7abalar\u0131 ve iyile\u015fen d\u0131\u015f talep nedeniyle bir miktar hafifletilecek.<\/p>\n<p><strong><a href=\"https:\/\/www.facebook.com\/profile.php?id=100093432964423\" target=\"_blank\" rel=\"noreferrer noopener\"><mark>Borsa ve halka arzlar ile ilgili geli\u015fmeleri en h\u0131zl\u0131 \u015fekilde \u00f6\u011frenmek ve Rotaborsa facebook hesab\u0131n\u0131 takip etmek i\u00e7in t\u0131klay\u0131n\u0131z.<\/mark><\/a><\/strong><\/p>\n<p><strong>Y\u00fcksek D\u0131\u015f Finansman \u0130htiya\u00e7lar\u0131:<\/strong>\u00a0G\u00fc\u00e7l\u00fc i\u00e7 t\u00fcketim ve alt\u0131n ithalat\u0131n\u0131n etkisiyle T\u00fcrkiye\u2019nin cari a\u00e7\u0131\u011f\u0131 2023\u2019te de y\u00fcksek kalacak ve 2023\u2019te GSY\u0130H\u2019n\u0131n %4,7\u2019sine ula\u015facak.\u00a0Yava\u015flayan b\u00fcy\u00fcme ve iyile\u015fen d\u0131\u015f talep sayesinde d\u0131\u015f a\u00e7\u0131\u011f\u0131n 2024 y\u0131l\u0131nda GSY\u0130H\u2019n\u0131n %2,9\u2019una gerileyece\u011fini tahmin ediyoruz.\u00a0Gelecek 12 ayda vadesi dolacak toplam d\u0131\u015f borcun Haziran ay\u0131 sonunda 206 milyar ABD dolar\u0131na ula\u015fmas\u0131, T\u00fcrkiye\u2019yi yat\u0131r\u0131mc\u0131 duyarl\u0131l\u0131\u011f\u0131ndaki de\u011fi\u015fikliklere kar\u015f\u0131 savunmas\u0131z b\u0131rakt\u0131.\u00a02023\u2019te kalan 2,6 milyar ABD dolar\u0131 anapara \u00f6demesi ve 2024\u2019te 11 milyar ABD dolar\u0131 (8,9 milyar ABD dolar\u0131 Eurobond) ile devlet bor\u00e7 servisi profili y\u00f6netilebilir durumdad\u0131r.<\/p>\n<p><strong>Dayan\u0131kl\u0131 D\u0131\u015f Finansman:<\/strong>\u00a0Devlet ve \u00f6zel sekt\u00f6r\u00fcn d\u0131\u015f finansmana eri\u015fiminde bir esneklik kayd\u0131 bulunmaktad\u0131r.\u00a0Yeni ekonomik ekibin atanmas\u0131ndan bu yana devlet getirileri \u00f6nemli \u00f6l\u00e7\u00fcde d\u00fc\u015ft\u00fc ve h\u00fck\u00fcmetin, BAE\u2019den \u00fc\u00e7 y\u0131l boyunca 51 milyar ABD dolar\u0131 yat\u0131r\u0131m taahh\u00fcd\u00fc de dahil olmak \u00fczere Orta Do\u011fu ortaklar\u0131ndan \u00f6nemli miktarda finansman kabul etti\u011fi ve bunun yakla\u015f\u0131k 8 milyar ABD dolar\u0131n\u0131n devlet sukuklar\u0131na tahsis edilebilece\u011fi bildirildi. .\u00a0Ek \u00e7ok tarafl\u0131 destek de m\u00fcmk\u00fcnd\u00fcr.\u00a0Ancak \u00f6demelerin kesin zamanlamas\u0131 belirsizli\u011fini koruyor.<\/p>\n<p><strong>Artan A\u00e7\u0131klar, Y\u00f6netilebilir Bor\u00e7:<\/strong>\u00a0Se\u00e7im \u00f6ncesi te\u015fvikler ve \u015eubat depremlerinin yard\u0131m ve yeniden in\u015fa \u00e7al\u0131\u015fmalar\u0131n\u0131n maliyeti, 2023\u2019te merkezi h\u00fck\u00fcmet a\u00e7\u0131\u011f\u0131n\u0131n GSYH\u2019nin %5,3\u2019\u00fcne (genel h\u00fck\u00fcmet d\u00fczeyinde %5,4 olaca\u011f\u0131 tahmin ediliyor) kadar ciddi bir art\u0131\u015fa yol a\u00e7acak. H\u00fck\u00fcmet 2023 ortas\u0131nda bir dizi vergi art\u0131\u015f\u0131 ger\u00e7ekle\u015ftirdi ve temel merkezi h\u00fck\u00fcmet a\u00e7\u0131\u011f\u0131n\u0131 (deprem yeniden in\u015fa maliyetlerini hesaba katmadan) GSY\u0130H\u2019n\u0131n %3\u2019\u00fcn\u00fcn alt\u0131nda tutmay\u0131 planl\u0131yor.\u00a0Genel h\u00fck\u00fcmet a\u00e7\u0131\u011f\u0131n\u0131n, deprem yeniden yap\u0131lanmas\u0131n\u0131n ve yerel se\u00e7imler \u00f6ncesinde olas\u0131 gev\u015femenin ana y\u0131l\u0131 olan 2024\u2019te %6,3\u2019e geni\u015fleyece\u011fini, ard\u0131ndan 2025\u2019te GSYH\u2019nin %4,8\u2019ine d\u00fc\u015fece\u011fini tahmin ediyoruz.<\/p>\n<p>Artan bor\u00e7lanma h\u0131z\u0131 ve liradaki de\u011fer kayb\u0131 kar\u015f\u0131s\u0131nda y\u00fcksek nominal GSYH b\u00fcy\u00fcmesi ve yurt i\u00e7i finansmandaki negatif oranlar\u0131 dengeleyerek genel devlet borcunun 2023 y\u0131l\u0131nda GSYH\u2019nin 3,7\u2019sine ula\u015faca\u011f\u0131n\u0131 tahmin ediyoruz.\u00a0Faiz oran\u0131n\u0131n 12 ay i\u00e7inde yeniden belirlenmesine tabi bor\u00e7lar 2020\u2019den bu yana azald\u0131 ancak b ile y\u00fcksek kalmaya devam ediyor.\u00a0Ayr\u0131ca, i\u00e7 piyasada artan yerel para cinsinden bor\u00e7lanma ve bor\u00e7 geri \u00f6demelerine ra\u011fmen, Temmuz ay\u0131 sonunda yabanc\u0131 para cinsi bor\u00e7lar\u0131n pay\u0131 g,1 ile y\u00fcksek seviyesini korudu.<\/p>\n<p><strong>Azalan Siyasi Belirsizlik, Jeopolitik Gerilimler:<\/strong>\u00a0May\u0131s genel se\u00e7imlerinin ard\u0131ndan yak\u0131n vadeli siyasi belirsizlik azald\u0131.\u00a0Bununla birlikte, politikalar\u0131n normalle\u015fme alan\u0131n\u0131n Mart 2024 yerel se\u00e7imlerinin yak\u0131nl\u0131\u011f\u0131 da dahil olmak \u00fczere siyasi fakt\u00f6rler taraf\u0131ndan belirlenmeye devam etti\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz.\u00a0Se\u00e7imlerden sonra T\u00fcrkiye, NATO m\u00fcttefikleriyle gerilimi azaltmak i\u00e7in h\u0131zla harekete ge\u00e7ti, AB ile G\u00fcmr\u00fck Birli\u011fi\u2019nin g\u00fcncellenmesine y\u00f6nelik m\u00fczakere s\u00fcrecini canland\u0131rma niyetinin sinyalini verdi ve b\u00f6lge \u00fclkeleriyle ili\u015fkilerini yeniden yap\u0131land\u0131rmaya devam etti.\u00a0T\u00fcrkiye, \u00f6rne\u011fin \u2018tah\u0131l koridorunun\u2019 geni\u015fletilmesi konusunda m\u00fczakerelerde bulunarak, Ukrayna\u2019daki sava\u015f konusunda aktif bir diplomatik rol oynamaya devam ediyor.<\/p>\n<p>ifadelerini kulland\u0131. <\/p>\n<p><a href=\"https:\/\/twitter.com\/rotaborsa\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark><mark style=\"background-color:#ffffff\" class=\"has-inline-color has-vivid-cyan-blue-color\">Borsa ve halka arzlar ile ilgili geli\u015fmeleri en h\u0131zl\u0131 \u015fekilde \u00f6\u011frenmek ve Rotaborsa resmi twitter hesab\u0131n\u0131 takip etmek i\u00e7in t\u0131klay\u0131n\u0131z.<\/mark><\/mark><\/strong><\/a><\/p>\n<p><a href=\"https:\/\/t.me\/rotaborsa_halkaarz\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark>Borsa ve halka arzlar ile ilgili geli\u015fmeleri en h\u0131zl\u0131 \u015fekilde \u00f6\u011frenmek ve Rotaborsa telegram hesab\u0131n\u0131 takip etmek i\u00e7in t\u0131klay\u0131n\u0131z.<\/mark><\/strong><\/a><\/p>\n<p><strong><a href=\"https:\/\/www.instagram.com\/rotaborsacom\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark><mark style=\"background-color:#ffffff\" class=\"has-inline-color has-vivid-red-color\">Borsa ve halka arzlar ile ilgili geli\u015fmeleri en h\u0131zl\u0131 \u015fekilde \u00f6\u011frenmek ve Rotaborsa instagram hesab\u0131n\u0131 takip etmek i\u00e7in t\u0131klay\u0131n\u0131z.<\/mark><\/mark><\/a><\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.facebook.com\/profile.php?id=100093432964423\" target=\"_blank\" rel=\"noreferrer noopener\"><mark>Borsa ve halka arzlar ile ilgili geli\u015fmeleri en h\u0131zl\u0131 \u015fekilde \u00f6\u011frenmek ve Rotaborsa facebook hesab\u0131n\u0131 takip etmek i\u00e7in t\u0131klay\u0131n\u0131z.<\/mark><\/a><\/strong><\/p>\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-rota-borsa wp-block-embed-rota-borsa\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"PGocAIT9zB\"><p><a href=\"https:\/\/rotaborsa.com\/temettu-verecek-sirketler-2023\/\">2023 temett\u00fc verecek hisseler | \u0130\u015fte 2023 temett\u00fc tarihleri ve temett\u00fc takvimi<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-rota-borsa wp-block-embed-rota-borsa\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"lM5mNi7WiJ\"><p><a href=\"https:\/\/rotaborsa.com\/2023-halka-arz-takvimi\/\">2023 halka arz olacak \u015firketler | Yeni halka arz olacak hisseler<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Orta Vadeli Program\u2019\u0131n (OVP) a\u00e7\u0131klanmas\u0131ndan sonra yat\u0131r\u0131mc\u0131lar taraf\u0131ndan g\u00f6zler Fitch\u2019in T\u00fcrkiye\u2019nin kredi derecelendirme notu ve yapaca\u011f\u0131 a\u00e7\u0131klamaya \u00e7evrildi. 9 Eyl\u00fcl 2023 tarihinde Uluslararas\u0131 kredi derecelendirme kurulu\u015fu Fitch, T\u00fcrkiye\u2019nin kredi notu ve g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc a\u00e7\u0131klad\u0131. Fitch T\u00fcrkiye ekonomisine ili\u015fkin de\u011ferlendirmesinde, Fitch, T\u00fcrkiye\u2019nin kredi notunu \u201cB\u201d olarak teyit etti, g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc \u201cnegatif\u201dten \u201cdura\u011fan\u201da revize etti. Fitch 18 Mart 2023\u2019teki [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-8466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-borsa-haberleri"],"_links":{"self":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/8466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/comments?post=8466"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/8466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/8467"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=8466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=8466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=8466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}