A strong policy response - on the back of fiscal buffers, a strong financial system, and favorable external conditions - enabled Turkey to recover from its shock of 2016, with growth accelerating to 7.4 percent in 2017. The outcome of supply constraints and demand impulse are reflected in high...

Mid-2018 was a period of intense market volatility and rising economic stress in Turkey that was precipitated by existing macroeconomic imbalances and elevated political tensions with the United Staes. A confluence of burgeoning domestic economic imbalances and a more challenging external...

Turkey's pace of income convergence has globally been one of the most remarkable of the past fifteen years. Sustaining growth and improvements in living standards in Turkey will require higher productivity in the economy. The Turkey Productivity Report (2019) provides an in-depth analysis of...

Gender equality is a core development objective in its own right, and it is also a smartdevelopment policy. Gender equality is also a key pathway to ensure lasting poverty reductionand shared prosperity. Identifying the main gender gaps a country faces across differentdomains, contributes to...

The Turkish economy has experienced major external adjustments over the past 12 months, including declining current account imbalances, reduced external debt of banks, and a recovery in portfolio flows. These have lessened the external vulnerabilities that had accumulated in the run up to the...

This Investment Policy and Regulatory Review (IPRR) presents information on the legal and regulatory frameworks governing foreign direct investment (FDI) and competition that affect businesses and foreign investors in Turkey. The research was primarily based on a review of currently applicable...

Countries around the world are undergoing an unprecedented clean energy transformation, where Distributed Energy Generation (DEG) is an increasingly important player to achieve the paradigm shift. Rooftop solar PV (RSPV) represents an increasingly significant option of DEG, especially when...

The labor market of the Turkish Cypriot community (TCc) is characterized by low participation and low employment rates, especially among youth. A series of World Bank reports on the Turkish Cypriot (TC) labor market and higher education sector between 2016 and 2019 found a mismatch between the...

Despite an initial surge in COVID-19 cases, cross country data suggests that Turkey containedrelatively quickly the spread and worst health effects of the virus. As in other countries, however, continued vigilance is essential to sustain this fragile trend. Turkey's pandemic response may offer...