The year 2013 is an important one for the Turkish economy, with many challenges and opportunities on the horizon. First, the sluggish global economy will likely remain a drag on Turkey’s growth this year, notably because of weak activity in the EU, a result of fiscal tightening in some countries and the uncertain outlook. Furthermore, several emerging markets have come...
Turkey
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Interviews & Viewpoints | OBG talks to Erde M Basci, Governor, Central Bank of the Republic of Turkey (CBRT) from The Report: Turkey 2013
What is the ideal growth rate for Turkey’s economy, and how can the CBRT help achieve this rate?
Articles & Analysis | Turning the page: Significant development has occurred over the last decade from The Report: Turkey 2013
Many have hailed Turkey’s notable development performance over the past decade, and for good reason. The country averaged 5.1% growth between 2003 and 2012, one of the highest rates in the world. This was accompanied by drops in joblessness and poverty, as well as gains in school enrolment, home-ownership and life expectancy.
Interviews & Viewpoints | OBG talks to Ahmet Aksu, President, Turkish Privatisation Administration from The Report: Turkey 2013
How would you evaluate Turkey’s experience with privatisation over the last three decades? What key lessons has the government learned?
Interviews & Viewpoints | OBG talks to M Rifat Hisarcıklıoğlu, President, Union of Chambers and Commodity Exchanges of Turkey (TOBB) from The Report: Turkey 2013
What can be done to attract more foreign direct investment (FDI) into capital projects and productive sectors of the economy?
Articles & Analysis | Enough to go around: Lending is on the rise in a number of segments from The Report: Turkey 2013
Restrained by a cautious central bank governor and chastened by rising non-performing loans (NPLs) in the consumer segment, Turkish banks are maintaining a relatively moderate pace of lending growth in 2013. Although global financial conditions loosened dramatically in late 2012 and early 2013, Turkish banks were expected to increase loans by 15...