Türkiye | Quarterly Debt Outlook 2Q 2025
31 July 2025
The overall total FX position of the economy improved in May25 compared to Dec24. The composition of external debt started to shift again between the public sector and the real sector.
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Deniz Ergun works as a Senior Economist at Garanti – BBVA Research since February 2014. She holds a PhD in Law &Economics (Magna Cum Laude) at the Erasmus University Rotterdam and the University of Bologna. During her studies, she also worked as a visiting researcher at the University of Hamburg. She completed her Masters in Economics in Albert Ludwigs Universitaet Freiburg-Germany. During her master studies she worked as a trainee at HSBC Trinkaus Internationale Kapitalanlagegesellschaft/Düsseldorf between 2008-2009. She holds a BA degree in Economics from Koc University, Istanbul.
Her current responsibilities include the analysis of financial systems, financial stability, regulatory and country risk issues including financial system modelling.