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Turkey: Staff Report for the 2013 Article IV Consultation

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  • International Monetary Fund

Abstract

This 2013 Article IV Consultation highlights that the Turkish economy achieved a welcome reduction of imbalances in 2012. In 2013, growth has accelerated significantly on the back of a monetary and fiscal policy stimulus. The economy is projected to expand by 3.8 percent this year, with private consumption and public investment as the main contributors. With this rotation back to domestic demand-led growth, the current account deficit is widening again, while inflation remains above target. The authorities are on track to meet their 2013 budget targets, despite rapid spending growth. Executive Directors have expressed satisfaction that the Turkish financial system is generally sound.

Suggested Citation

  • International Monetary Fund, 2013. "Turkey: Staff Report for the 2013 Article IV Consultation," IMF Staff Country Reports 2013/363, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2013/363
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=41135
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    Cited by:

    1. Simone Auer & Emidio Cocozza & Andrea COlabella, 2016. "The financial systems in Russia and Turkey: recent developments and challenges," Questioni di Economia e Finanza (Occasional Papers) 358, Bank of Italy, Economic Research and International Relations Area.
    2. Stephan Barisitz & Mathias Lahnsteiner & Daniela Widhalm & Tina Wittenberger, 2014. "Macrofinancial Developments in Ukraine, Russia and Turkey from an Austrian Financial Stability Perspective," Financial Stability Report, Oesterreichische Nationalbank (Austrian Central Bank), issue 27, pages 64-73.

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