Turkey: 2012 Article IV Consultation

December 21, 2012

Summary

This report for the 2012 Article IV Consultation with Turkey discusses the macroeconomic conditions after the 2008 global financial crisis. After two years of rapid growth, the economy has slowed and imbalances are unwinding. However, owing to slower domestic demand, the Turkish financial system continues to remain sound. IMF staff supports the authorities’ fiscal objective for 2013 and also the medium-term fiscal plan for 2013–15. But, they recommend a tighter monetary policy stance given the upside risks to inflation.

Subject: Balance of payments, Banking, Current account deficits, External debt, Fiscal policy, Fiscal stance, Foreign exchange, Inflation, Prices

Keywords: CR, current account, Current account deficits, economy, Fiscal stance, Global, IFC financing, Inflation, inflation expectation, inflation targeting, ISCR, policy priority, target, target band

Pages:
64
Volume:
2012
DOI:
https://doi.org/10.5089/9781475545067.002
Issue:
338
Series:
Country Report No. 2012/338
Stock No:
1TUREA2012003
ISBN:
9781475545067
ISSN:
1934-7685

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