1887

OECD Economic Surveys: Turkey 2006

image of OECD Economic Surveys: Turkey 2006

This edition of OECD's periodic survey of the Turkish economy presents an overview of recent economic performance and suggests that Turkey needs to improve management of economic risks and resilience to shocks.  It discusses enhancing competitiveness and growth through regulatory simplification, which should also reduce incentives to operate in the informal economy.  It alo assesses the pension system, making quality education accessible to the whole population, and freeing the potential of agriculture.

English French

.

Managing Macroeconomic Risks and Improving Resilience to Shocks

Since the crisis of 2001, an impressive package of fiscal consolidation and institutional reform has created a strong foundation for economic growth. As a result, GDP growth has been strong and stable, inflation has fallen, and the public debt burden has been significantly reduced. Yet the current account deficit is large, exchange rate movements have been volatile, and the recent increase in inflation and rising levels of private sector external debt draw attention to Turkey’s vulnerabilities and to the need for additional policies to contain risks. This chapter summarises the vulnerabilities of the Turkish economy and the steps that can be taken to improve macroeconomic resilience to shocks.

English French

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error