Advanced Search
MyIDEAS: Login

Turkey: Slowdown? Or even recession?

Contents:

Author Info

  • Josef Pöschl

    () (The Vienna Institute for International Economic Studies, wiiw)

Registered author(s):

    Abstract

    The growth of Turkey's economy was over 10% year-on-year in some quarters of the period 2010-2011. It may have decelerated recently, but it is not yet certain that this will lead to a more or less soft type of ‘landing’; a swift resumption of growth is feasible. In 2011, thanks to high real growth and a rate of inflation between 5% and 10%, growing budget revenues offered a nice opportunity to increase expenditures and decrease the budget deficit at the same time. This 'pro-active' fiscal policy will continue. The central bank, too, supports GDP expansion by keeping the policy rate low. However, this job is a bit tricky. The rate of inflation should not climb over 10%, and the exchange rate should remain rather stable. The high deficit in the current account is a main source of vulnerability. In the case of no major adverse external shock, growth is likely to accelerate again in 2013-2014.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.wiiw.ac.at/?action=publ&id=details&publ=FC9TR
    File Function: Order URL / Description
    Download Restriction: Only to order

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Paper provided by The Vienna Institute for International Economic Studies, wiiw in its series wiiw Current Analyses and Forecasts with number 9-TR.

    as in new window
    Length:
    Date of creation: Mar 2012
    Date of revision:
    Publication status: Published as wiiw Current Analyses and Forecasts
    Handle: RePEc:wii:fpaper:fc:9:tr

    Contact details of provider:
    Postal: Rahlgasse 3, A-1060 Vienna
    Phone: (+43-1) 533 66 10
    Fax: (+43-1) 533 66 10-50
    Email:
    Web page: http://www.wiiw.ac.at
    More information through EDIRC

    Related research

    Keywords:

    This paper has been announced in the following NEP Reports:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:wii:fpaper:fc:9:tr

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Customer service).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.