ANKARA: The International Monetary Fund (IMF) has forecast that Turkish gross domestic product (GDP) will grow by about 6 percent this year, which was more optimistic than some recent analysts’ expectations.
Timothy Ash, a London-based senior emerging markets strategist at Bluebay Asset Management, said he expects real GDP growth of 2 to 3 percent for the Turkish economy.
“I expect this rate assuming Turkish Finance Minister Naci Agbal holds the higher for longer monetary policy mantra and that sees the current account closer to balance for the year,” he told Arab News.
Similarly, a recent Reuters poll that was announced on Jan. 18 predicted that Turkey’s economy will grow by 4 percent in 2021.
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Erkan Saka, an associate professor of journalism and media studies at Istanbul Bilgi University, said Facebook’s decision was likely made to protect its “relatively good” advertisement revenue in Turkey.
“This all proves that commercial companies are not always reliable in opposing authoritarian regimes,” Saka told Al-Monitor, adding, “I believe Twitter will not comply, not because of an idealist point of view but because of its financial calculations. [Turkish] citizens will again need to rely on circumvention tools to use Twitter.”
I had also stated this:
Facebook first decided not to comply but when Google complied, a few weeks ago, which was followed by Daily Motion, Tiktok, and Linkedin, the former had to give in. Google Turkey, from the outset, was very eager to comply- as I heard from several sources. I do not know who governs that entity but they sure follow the evil Google HQ generates. Facebook was very careful not to oppose the Turkish government but Fa
The Turkish government issued advertising bans for Twitter, Periscope and Pinterest Tuesday when the platforms refrained from complying with a controversial social media law human rights advocates say will stifle free speech online.
ANKARA: Turkey’s advertising ban for social media platforms with more than 1 million daily users that have failed to establish a local representative office in the country came into force on Tuesday.
As of Jan. 19, nobody will be allowed to advertise on Twitter, its live-streaming app Periscope and image-sharing app Pinterest, leading to a substantial loss of revenue for these platforms.
Their bandwidth will also be reduced by half in April and by 90 percent in May, leading ultimately to a total blocking of access.
On Monday, Facebook announced that it would appoint a local representative in Turkey, in compliance with the country s draconian social media law that has been criticized as a powerful instrument of state censorship of online content.