Turkey: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Turkey

International Monetary Fund

No 2017/032, IMF Staff Country Reports from International Monetary Fund

Abstract: 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. 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 and the current account deficit to remain sizeable.

Keywords: ISCR; CR; data revision; GDP; government; nominal GDP; monetary policy; loan supply constraint; staff appraisal; development challenge; coup attempt; monetary policy transmission; staff assessment; Income; Global; Europe (search for similar items in EconPapers)
Pages: 80
Date: 2017-02-03
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