Sunday, July 19, 2009

EconNews Roundup

Introduction to economic forecasting from Referans, translated by Daily News: BTW, CNBC-E keeps track of some basic forecasts for about a dozen or so outfits, so doing a formal scorecard has always been one of the constantly-postponed projects of mine.

Consumer confidence continues to rise, but there are a couple of caveats. First, the level is still quite low. But more importantly, as I have explained many times in my columns, asset prices (especially USDTRY and the ISE index) and political shocks go a long way in explaining consumer confidence, so I try not to make too much out of this index.

Turkish prices in the context of Eurostat relative price data. Incidentally, someone had asked about such data about a year ago. So if you are reading this, yes there is such data:)

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