Turkey: Recent Economic Developments
December 3, 1996
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This paper reviews economic developments in Turkey during 1992–96. The Turkish economy rebounded in 1995, with real gross national product rising by 8.1 percent, reversing the decline of 6.1 percent in 1994. A strong pickup in activity in the second and third quarters of 1995 more than compensated for the continued weakness in the first quarter and a slight decline in the fourth quarter caused by uncertainty in the run-up to the elections. Industry performed strongly, with a growth rate of 12.1 percent, followed by services (6.4 percent) and agriculture (2.6 percent).
Subject: Banking, Commercial banks, Economic sectors, Expenditure, Financial institutions, Foreign exchange, Imports, International trade, Public sector, Securities
Keywords: broad money, central bank, CR, Eastern Europe, exchange rate, Imports, ISCR, Middle East, minimum wage, North Africa, private sector, Public sector, Securities, Turkish lira, wholesale price index
Pages:
179
Volume:
1996
DOI:
Issue:
122
Series:
Country Report No. 1996/122
Stock No:
1TUREA0011996
ISBN:
9781451837988
ISSN:
1934-7685
