Turkey: Staff Report for the 2013 Article IV Consultation

Publication Date: December 20, 2013
Electronic Access: Free Full text (PDF file size is 1,250KB).
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Summary: 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.
Series: Country Report No. 13/363
Subject(s): Article IV consultation reports | Economic growth | Demand | Fiscal policy | Debt sustainability | Monetary policy | Inflation targeting | Foreign exchange | Economic indicators | Staff Reports | Press releases | Turkey

Notes Chart
Publication Date: December 20, 2013
ISBN/ISSN: 9781484303627/1934-7685 Format: Paper
Stock No: 1TUREA2013001 Pages: 71
US$18.00 (Academic Rate:
US$18.00 )
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