This Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries.The economic situation and policies of Turkey were reviewed by the Committee on 14 June 2012. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 27 June 2012.The Secretariat’s draft report was prepared for the Committee by Rauf Gönenç, Oliver Röhn, Seref Saygili and Ramazan Karasahin under the supervision of Vincent Koen. Statistical assistance was provided by Béatrice Guérard.The previous Survey of Turkey was issued in July 2010.Information about the latest as well as previous Surveys and more information about how Surveys are prepared is available at www.oecd.org/eco/surveys.