|
|
|
|
| LEADER |
03125nmm a2200649 u 4500 |
| 001 |
EB002078673 |
| 003 |
EBX01000000000000001218763 |
| 005 |
00000000000000.0 |
| 007 |
cr||||||||||||||||||||| |
| 008 |
220928 ||| eng |
| 020 |
|
|
|a 9781513524641
|
| 245 |
0 |
0 |
|a Turkey
|b 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Turkey
|
| 260 |
|
|
|a Washington, D.C.
|b International Monetary Fund
|c 2019
|
| 300 |
|
|
|a 84 pages
|
| 651 |
|
4 |
|a Turkey
|
| 653 |
|
|
|a Finance, Public
|
| 653 |
|
|
|a Depository Institutions
|
| 653 |
|
|
|a Inflation
|
| 653 |
|
|
|a Public Administration
|
| 653 |
|
|
|a General Aggregative Models: General
|
| 653 |
|
|
|a Credit
|
| 653 |
|
|
|a Banks
|
| 653 |
|
|
|a Finance
|
| 653 |
|
|
|a Banks and banking
|
| 653 |
|
|
|a Monetary economics
|
| 653 |
|
|
|a Financial statements
|
| 653 |
|
|
|a Financial institutions
|
| 653 |
|
|
|a Deflation
|
| 653 |
|
|
|a Micro Finance Institutions
|
| 653 |
|
|
|a Fiscal Policy
|
| 653 |
|
|
|a State-owned banks
|
| 653 |
|
|
|a Computer Programs: Other
|
| 653 |
|
|
|a Data Collection and Data Estimation Methodology
|
| 653 |
|
|
|a Fiscal policy
|
| 653 |
|
|
|a Mortgages
|
| 653 |
|
|
|a National accounts
|
| 653 |
|
|
|a National income
|
| 653 |
|
|
|a Money
|
| 653 |
|
|
|a Price Level
|
| 653 |
|
|
|a Accounting
|
| 653 |
|
|
|a Banks and Banking
|
| 653 |
|
|
|a Public Sector Accounting and Audits
|
| 653 |
|
|
|a Prices
|
| 653 |
|
|
|a Macroeconomics
|
| 653 |
|
|
|a Public financial management (PFM)
|
| 653 |
|
|
|a Banking
|
| 653 |
|
|
|a Financial reporting, financial statements
|
| 653 |
|
|
|a Statistics
|
| 653 |
|
|
|a Econometrics & economic statistics
|
| 710 |
2 |
|
|a International Monetary Fund
|b European Dept
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
| 989 |
|
|
|b IMF
|a International Monetary Fund
|
| 490 |
0 |
|
|a IMF Staff Country Reports
|
| 028 |
5 |
0 |
|a 10.5089/9781513524641.002
|
| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/002/2019/395/002.2019.issue-395-en.xml?cid=48920-com-dsp-marc
|x Verlag
|3 Volltext
|
| 082 |
0 |
|
|a 330
|
| 520 |
|
|
|a This 2019 Article IV Consultation with Turkey discusses that economic growth has since resumed, buoyed by expansionary fiscal policy, rapid credit provision by state-owned banks, and more favorable external financing conditions. The lira also recovered as market pressures abated. Import compression and a strong tourism season have contributed to a remarkable current account adjustment. Inflation has fallen sharply, and the central bank cut policy rates by 1000 basis points since July 2019. Inflation peaked at around 25 percent—five times the target—in October 2018 due, in large part, to high exchange rate passthrough and rising inflation expectations. However, strong base effects, relative lira stability, and a negative output gap have since contributed to a steep inflation decline, although inflation expectations remain well above target. State-owned banks are supporting rapid credit growth. While private banks have cut back on their lending, state-owned banks have engaged in a major credit expansion which picked up pace in early-2019
|