OECD Economic Surveys: Turkey 2012
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OECD Economic Surveys: Turkey 2012

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.
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Publication Date :
12 July 2012
DOI :
10.1787/eco_surveys-tur-2012-en
 
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Author(s):
OECD
Pages :
13–43
DOI :
10.1787/eco_surveys-tur-2012-4-en

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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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