Turkey: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Turkey
IMF Staff Country Reports, February 3, 2017
Source details
- Canonical URL
- Turkey: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Turkey
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Bibliographic details
- Published: February 3, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475574258.002
Summary findings
- Growth in Turkey has slowed following a strong performance in 2015.
- Investment is weak amid heightened uncertainty and a sharp deceleration of credit growth.
- Inflation has moderated but is still well above target.
- The current account deficit remains sizeable, as the decline in tourism offsets savings from low energy prices.
- Progress on structural reforms has been slow.
Projections and outlook
- Over the medium term, growth is projected to firm at about 3.5 percent.
- Inflation is expected to stay above target.
- The current account deficit is expected to remain sizeable.
Subject areas and keywords highlighted in the report
- Subject: External debt, Financial Sector Assessment Program, Foreign exchange, Income, National accounts, Public debt
- Keywords: coup attempt, CR, data revision, development challenge, Europe, GDP, Global, government, Income, ISCR, loan supply constraint, monetary policy, monetary policy transmission, nominal GDP, staff appraisal, staff assessment
Source: Turkey: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Turkey (IMF Staff Country Reports).
Content in this bundle
- Country Report