Turkey : Staff Report for the 2013 Article IV Consultation

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

December 20, 2013

Electronic Access:

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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:

Notes:

Chart

English

Publication Date:

December 20, 2013

ISBN/ISSN:

9781484303627/1934-7685

Stock No:

1TUREA2013001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

71

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