OECD Economic Surveys: Turkey 2012
- Publication Date :
- 12 July 2012
- DOI :
- 10.1787/eco_surveys-tur-2012-en
Assessment and recommendations
- Pages :
- 13–43
- DOI :
- 10.1787/eco_surveys-tur-2012-4-en
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 ().
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