Turkey: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Turkey
IMF Staff Country Reports, November 16, 2007
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- Turkey: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Turkey
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Bibliographic details
- Published: November 16, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451838213.002
Executive summary and core findings
- The staff report highlights Turkey’s economic revival and policies to entrench macroeconomic stability.
- Turkey has experienced an impressive economic revival in recent years.
- Exports have continued to gain market shares, as the effects of an appreciating currency have been largely offset by productivity gains.
- Executive Directors considered that Turkey needs to manage vulnerabilities carefully and address structural challenges to increase the economy’s growth potential and resilience to shocks.
Major themes and areas of focus
- Macroeconomic stability and disinflation:
- Emphasis on policies to entrench macroeconomic stability and sustain the disinflation process.
- Inflation, inflation expectation, inflation inertia listed among keywords and subjects of analysis.
- External sector and current account:
- Current account deficits and current account position are central subjects.
- Balance of payments analysis is a key component.
- Financial sector and public finances:
- Banking and public sector examined, including public debt and debt ratio considerations.
- Fiscal policy and deficit issues addressed in the consultation.
- Structural challenges and growth potential:
- Need to address structural challenges to increase growth potential and resilience to shocks.
- Focus on economic sectors and measures to boost competitiveness.
Subjects and keywords
- Subject: Balance of payments, Banking, Current account deficits, Economic sectors, Fiscal policy, Inflation, Prices, Public debt, Public sector
- Keywords: CR, Current account deficits, current account position, debt ratio, deficit, disinflation process, Global, Inflation, inflation expectation, inflation inertia, ISCR, Public sector, year-on-year inflation
International Monetary Fund. "Turkey: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Turkey", IMF Staff Country Reports 2007, 362 (2007), accessed 9/23/2026, https://doi.org/10.5089/9781451838213.002