Arab Today, arab today imf turkey average growth level 6 since 2010
Last Updated : GMT 17:36:32
Arab Today, arab today
Arab Today, arab today

IMF: Turkey average growth level 6% since 2010

Arab Today, arab today

Arab Today, arab today IMF: Turkey average growth level 6% since 2010

IMF
Ankara - Anadolu

Turkey’s economy has grown by a remarkable 6 percent on average since 2010, however high inflation and a large external deficit is holding back the continuing growth potential, according to the IMF in their 2014 Turkey report.
"Growth is set to continue, albeit at a moderate pace. In 2014, Gross Domestic Product is expected to grow at 3 percent, driven by public sector support, net exports, and a mild revival of private consumption in the later part of the year," the report prepared by the IMF staff visiting Turkey between September 11 and 24 said.
The report listed the dependence on consumption, slow export growth and sizable investment needs as the elements constraining Turkey's growth, and added that the monetary stance needs to be consistent with the inflation target.
"The current policy rate is not compatible with reducing inflation to the 5 percent target," the report said, adding that a tighter fiscal stance would reduce the burden on monetary policy to meet the inflation target.
"Without a change in policies, future economic performance is likely to be weaker than that of the recent past. Turkey’s low domestic savings and challenges related to competitiveness are becoming limiting factors for investment and exports. Thus, on current policies and national saving rates, economic growth is expected to slow to about 3.5 percent per year in the medium term," the report said.
Although lower growth would likely limit inflation and the deterioration of the current account deficit, it would also mean that Turkey’s income convergence with advanced economies would be slow, potentially leaving Turkey in a middle income trap, it also said.
The report concluded saying the structural reform policy agenda also needs to be revitalized.
"Macroeconomic policies can support rebalancing and preserve financial stability in the near term, but improved medium-term growth will also depend on progress with structural reforms aimed at enhancing Turkey’s economic potential. The priority should be to implement the policies that encourage higher private sector savings, and promote lower energy dependence," it said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf turkey average growth level 6 since 2010 Arab Today, arab today imf turkey average growth level 6 since 2010

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf turkey average growth level 6 since 2010 Arab Today, arab today imf turkey average growth level 6 since 2010

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday