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2006 OECD Economic Outlook, Volume 2006 Issue 1

image of OECD Economic Outlook, Volume 2006 Issue 1
OECD's twice-yearly assessment of the major economic trends and policies in member countries and selected non-members. This issue covers the outlook to the end of 2007.  Together with a wide range of cross-country statistics, the Outlook provides a unique tool to keep abreast of world economic developments. This issue also contains a special chapter on Future Budget Pressures Arising from Spending on Health and Long-Term Care.

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Turkey

Strong activity in the private sector continues to boost the economy and GDP growth is expected to remain above 6% in 2006 and 2007. While the public deficit is projected to shrink further, the current account deficit is likely to stay at historically high levels. To maintain growth on a sustainable path, domestic and international confidence must be preserved. Policies should ensure the credibility of macroeconomic policy institutions; make sure that the regulatory framework can cope with potential financial risks; and improve enterprises’ competitiveness by accelerating the programme of microeconomic reforms.

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