Turkey: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Turkey

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 362

Publication date: November 2007

ISBN: 9781451838213

$20.00

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Topics covered in this book

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Banks and Banking , Exports and Imports , Inflation , Economics- Macroeconomics , Public Finance , ISCR , CR , debt ratio , inflation expectation , deficit , inflation inertia , current account position , year-on-year inflation , disinflation process , Inflation , Public sector , Current account deficits , Global

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Summary

The staff report for the 2007 Article IV Consultation highlights Turkey’s economic revival and policies to entrench macroeconomic stability. Turkey has experienced an impressive economic revival in recent years. Exports have continued to gain market shares, as the effects of an appreciating currency have been largely offset by productivity gains. Executive Directors considered that Turkey needs to manage vulnerabilities carefully and address structural challenges to increase the economy’s growth potential and resilience to shocks.