- Turkey: Investor confidence is crucial
The economy slowed in 2008 as weakness in domestic demand was compounded by the international slowdown in the wake of financial market turbulence. Growth is expected to decline to below 2% in 2009 before recovering to 4.2% in 2010, in line with the global recovery.
(112 words) - Tax burden nears peak
Denmark is confirmed as the OECD’s highest-tax country, followed by Sweden, while Mexico and Turkey remain the lowest-taxing countries, the latest 2008 edition of Revenue Statistics says. Denmark’s tax-to-GDP ratio stood at 48.9% in 2007, while Turkey’s was at 23.7% of GDP.
(213 words) - Turkey: Restore restraint
The economy, which had slowed down earlier in the year as a result of monetary tightening in 2006 and political uncertainties in the spring, gained momentum after the summer elections. In the absence of shocks, growth should settle at around 6% in 2008 and 2009.
(134 words) - Prime minister of Turkey in view
The prime minister of the Republic of Turkey,Recep Tayyip Erdogan, gives a press conference on his visit to the OECD on 21 October 2004.
(30 words) - Motors of innovation and development
The potential of small and medium-sized enterprises to contribute to growth and development is a point that has not been lost in the case of Turkey. On the contrary, as in most other countries, SMEs are the dominant form of business organisation here, accounting for over 95% of the business population, and they play a key role in driving sustainable economic growth and job creation.
(771 words) - Turkey's new political economy
A new government has been formed in Turkey. The economy has been in some difficulty. How have the markets responded to this new government?
(715 words) - Turkey's crisis
Another exchange rate-based stabilisation has been tried and failed in Turkey. Just 14 months into a three-year programme to end decades of high inflation, the government was forced in February to abandon the currency peg that had been the anchor of its strategy, sparking an immediate devaluation of its currency, the lira, by around 30%. The programme had started out with unprecedented political backing, achieved impressive initial results and was widely believed to have a far better chance of success than many previous internationally supported programmes for Turkey. So what went wrong?
(1187 words)
- Corporate governance: Lessons from the financial c...
- The green growth race
- Why tax matters for development
- Roundtable on the jobs crisis
- Development aid: The funding challenge
- News brief - June 2009
- Passing the stress test
- Roundtable on regional policy
- Nothing ventured
- Unemployment : The language of the crisis