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TURKEY - OECD.org
3. DEVELOPMENTS IN INDIVIDUAL OECD AND SELECTED NON-MEMBER ECONOMIESOECD ECONOMIC outlook , VOLUME 2018 ISSUE1 PRELIMINARY VERSION OECD 2018230 TURKEYF ollowing a strong recovery in 2017 and turbulence in spring 2018, economic growthis set to slow but to stay around 5% in 2018 and 2019. The uncertainties surrounding theearly elections in June, as well as persisting regional geopolitical tensions, create exchange rate remains highly volatile, with the lira depreciating substantiallyrecently despite a significant increase in the policy interest rate, and consumer priceinflation is far above target. Disinflation is projected to be credible macroeconomic framework is of utmost importance to uphold confidencein this sensitive environment.
3. DEVELOPMENTS IN INDIVIDUAL OECD AND SELECTED NON-MEMBER ECONOMIES 230 OECD ECONOMIC OUTLOOK,VOLUME 2018 ISSUE1–PRELIMINARY VERSION © OECD 2018 TURKEY Following ...
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