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2005 OECD Economic Outlook, Volume 2005 Issue 2

image of OECD Economic Outlook, Volume 2005 Issue 2
Twice a year, the OECD Economic Outlook analyses the major trends and examines the economic policies required to foster high and sustainable growth in member countries. Developments in major non-OECD economies are also evaluated. The present issue covers the outlook to end-2007. Together with a wide range of cross-country statistics, the Outlook provides a unique tool to keep abreast of world economic developments.  In addition to the themes featured regularly, this issue contains an analytical chapter addressing the recent run-up in house prices.

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Turkey

On the back of further improvements in domestic and international confidence following the opening of accession negotiations with the European Union, GDP growth is expected to remain strong at around 6% in 2006 and 2007.

The rigorous macroeconomic policy framework should be maintained. Growing capital inflows are putting upward pressure on the currency, emphasizing the need for an acceleration of the reforms needed to improve the flexibility and competitiveness of the economy.

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