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OECD Economic Surveys: Turkey 2008

image of OECD Economic Surveys: Turkey 2008

This 2008 edition of OECD's periodic survey of Turkey's economy examines new challenges facing the Turkish economy including shifting to a pro-growth fiscal policy, monetary policy and inflation, and enhancing competitiveness by fostering the growth of the formal sector. This publication includes StatLinks, URLs linking tables and charts to Excel® spreadsheet versions via the internet.

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Assessment and recommendations

Over the past two decades Turkey has successfully shifted to a growth strategy based on open and competitive markets. However, recurrent macroeconomic instabilities slowed down trend growth. The recovery from the 2001 crisis has brought an unprecedented period of high growth and the first palpable signs of sustained catch-up and convergence. Currently Turkey is in the difficult transition period from a successful exit from “post-crisis recovery” to a path of sustainable high growth.

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