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2004 OECD Economic Surveys: Turkey 2004

image of OECD Economic Surveys: Turkey 2004

This OECD review of 2004 of Turkey's economy examines its recent strong recovery and prospects for growth. It recommends policies designed to strengthen confidence with a view to extending the recovery.  Separate chapters cover:  improving the quality of public expenditure, establishing an open business environment, and aspects of sustainable development.

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Assessment and Recommendations

After hitting the most severe crisis of its recent history in 2000-01, the Turkish economy bounced back and is now among the fastest growing economies in the OECD. At the same time, the inflation rate has declined sharply and could fall to a single digit annual rate in 2005, for the first time in...

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