OECD's 2012 survey of Turkey's economy examines recent economic developments, policies, and prospects and takes a more detailed look at real exchange rates and competitiveness and structural reforms and growth.
- 12 July 2012
Assessment and recommendations
The impact of the global crisis was severe for Turkey, but shorter than in the rest of the OECD area and with a much sharper rebound. Domestic demand recovered swiftly and growth reached 9.2% in 2010 and 8.5% in 2011 (). Employment has been remarkably resilient during the crisis, thanks to a set of new pro-employment incentives (OECD/ILO, 2011). Employment in industry declined in 2009 but then rebounded rapidly, whereas employment remained on a rising trend in agriculture, construction and services ().