Statement by Mr. Taçkin Temiz, Alternate Executive Director for Turkey, January 11, 2017

International Monetary Fund. European Dept.

doi:10.5089/9781475574258.002.A005

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

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Volume/Issue:: 2017/32
Series:: IMF Staff Country Reports
Author(s):: International Monetary Fund. European Dept.
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: February 2017
DOI:: http://dx.doi.org/10.5089/9781475574258.002
ISBN:: 9781475574258
ISSN:: 1934-7685
Page:: 80

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.

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

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Statement by Mr. Taçkin Temiz, Alternate Executive Director for Turkey, January 11, 2017

Author(s):: International Monetary Fund. European Dept.
Published Date:: February 2017

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

Statement by Mr. Taçkin Temiz, Alternate Executive Director for Turkey, January 11, 2017

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