Turkey

Staff Report for the 2013 Article IV Consultation

This 2013 Article IV Consultation highlights that the Turkish economy achieved a welcome reduction of imbalances in 2012. In 2013, growth has accelerated significantly on the back of a monetary and fiscal policy stimulus. The economy is projected to expand by 3.8 percent this year, with private consumption and public investment as the main contributors. With this rotation back to domestic demand-led growth, the current account deficit is widening again, while inflation remains above target. The authorities are on track to meet their 2013 budget targets, despite rapid spending growth. Executive Directors have expressed satisfaction that the Turkish financial system is generally sound.
Publication date: December 2013
ISBN: 9781484303627
$18.00
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Topics covered in this book

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current account , current account deficit , external debt , central bank , external financing

Summary