Turkey; Staff Report for the 2010 Article IV Consultation and Post: Program Monitoring-Supplementary Information; Staff Report; Informational Annex; Public Information Notice on the Executive Board Discussion
On the eve of the global financial crisis, the Turkish economy had just concluded a six-year growth surge, spurred by policy reforms and favorable external and domestic conditions. Turkish GDP was hit hard by the onset of the global financial crisis, but quickly retraced its losses. The authorities’ macroeconomic policy response to the severe GDP contraction was broadly appropriate in timing and magnitude and made feasible by the previously conservative stance of policies. Executive Directors underscored the need for bold structural reforms.
Year of publication: |
2010-09-08
|
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Article IV consultation reports | Bank supervision | Banking sector | Economic indicators | Economic recovery | Fiscal consolidation | Inflation targeting | Labor market policy | Post-program monitoring | Staff Reports | Tax administration | monetary fund | fiscal rule | fiscal developments | inflation | fiscal policy | fiscal target | monetary policy | revenue collection |
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