In Turkey, as in other countries, the human and economic toll of the COVID-19 pandemic has been severe. Thousands of … sharp growth rebound-set Turkey apart from its peers. Rapid monetary and credit expansion and large liquidity support meant … that Turkey was among the few countries to experience positive economic growth in 2020. But these policies also aggravated …

undermining Turkey's hard-earned fiscal credibility. As a result, the economy faces internal and external imbalances: a positive …