## 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](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/02/03/turkey-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44614/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/02/03/turkey-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44614/index.json)
- [Bundle manifest](/en/publications/cr/issues/2017/02/03/turkey-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44614/bundle-manifest.json)

## 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**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr1732.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr1732.pdf){rel="external" type="application/pdf"}

---

_Source: 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_