European Parliament Library

Turkey :, Staff Report for the 2013 Article IV Consultation

Abstract
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
Table Of Contents
Cover; CONTENTS; CONTEXT; BACKGROUND; A. Recent Developments; B. Outlook and Risks; BOXES; 1. Risk Assessment Matrix; 2. Medium-Term Program, 2014-16; POLICY DISCUSSIONS; C. Short Term Policies; 3. CBRT's Reserve Option Mechanism (ROM); 4. Capital Flows and the Exchange Market Pressure Index; 5. Foreign Exchange Exposure in the Non-Financial Corporate Sector; D. Medium Term Policies; 6. Output Volatility and Externally Sustainable Growth; 7. Budget Rigidities in Turkey; 8. Turkey's External Competitiveness; STAFF APPRAISAL; TABLES; 1. Selected Economic Indicators, 2008-14
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (73 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9780148430426

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