Journal Issue

Country Focus: Turkey

International Monetary Fund. External Relations Dept.
Published Date:
June 2005
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The rapid and powerful recovery in recent years was bolstered by strong fiscal consolidation and rigorous monetary policies. However, the large government debt and widening current account deficit are sources of vulnerability, while reducing unemployment remains a key policy challenge.

Sources: IMF, World Economic Outlook; Turkey’s State Institute of Statistics; and data from the Turkish authorities.

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