{
  "title": "Turkey: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Turkey",
  "publication": "IMF Staff Country Reports, February 3, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/02/03/turkey-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44614",
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  "summary": "This 2017 Article IV Consultation highlights that 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.",
  "publishDate": "2017-02-03",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary findings",
      "content": "- Growth in Turkey has slowed following a strong performance in 2015.\n- Investment is weak amid heightened uncertainty and a sharp deceleration of credit growth.\n- Inflation has moderated but is still well above target.\n- The current account deficit remains sizeable, as the decline in tourism offsets savings from low energy prices.\n- Progress on structural reforms has been slow."
    },
    {
      "heading": "Projections and outlook",
      "content": "- Over the medium term, growth is projected to firm at about 3.5 percent.\n- Inflation is expected to stay above target.\n- The current account deficit is expected to remain sizeable."
    },
    {
      "heading": "Subject areas and keywords highlighted in the report",
      "content": "- Subject: External debt, Financial Sector Assessment Program, Foreign exchange, Income, National accounts, Public debt\n- 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\n\nSource: Turkey: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Turkey (IMF Staff Country Reports).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/02/03/turkey-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44614"
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    "Published: February 3, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475574258.002",
    "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.",
    "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: 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",
    "**Country Report**"
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