Turkey: Staff Report for the 2010 Article IV Consultation and Post: Program Monitoring-Supplementary Information; Staff Report; Informational Annex; Public Information Notice on the Executive Board Discussion

September 8, 2010

Preview Citation

Format: Chicago

Turkey: Staff Report for the 2010 Article IV Consultation and Post: Program Monitoring-Supplementary Information; Staff Report; Informational Annex; Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2010) accessed December 26, 2024

Summary

On the eve of the global financial crisis, the Turkish economy had just concluded a six-year growth surge, spurred by policy reforms and favorable external and domestic conditions. Turkish GDP was hit hard by the onset of the global financial crisis, but quickly retraced its losses. The authorities’ macroeconomic policy response to the severe GDP contraction was broadly appropriate in timing and magnitude and made feasible by the previously conservative stance of policies. Executive Directors underscored the need for bold structural reforms.

Subject: Balance of payments, Banking, Current account deficits, Economic sectors, External debt, Financial institutions, Foreign exchange, Loans, Public sector

Keywords: CR, Current account deficits, Global, Inflation expectation, Inflation pressure, ISCR, July inflation report, Loans, Medium-Term Plan, MTP target, Policy development, Public sector

Publication Details

Pages:

87
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/278
Stock No:

1TUREA2010001
ISBN:

9781455206858
ISSN:

1934-7685

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