With an impressive record of rapid and resilient economic expansion, Turkey looks to the future with confidence in uncertain times. Since 2001 real growth has averaged more than 5% a year, an extraordinary rate for a middle-income country that imports most of its raw materials. A young and mobile population provides a natural tailwind to growth, while a high level of...
Articles & Analysis | Reality check: Analysing the government’s targets for 2023 from The Report: Turkey 2013
Looking forward to the 100th anniversary in 2023 of the founding of the Republic of Turkey, Prime Minister Recep Tayyip Erdoğan and his government have set a number of goals for the country, some of them highly ambitious. These targets are to some extent an effort by Erdoğan to promote his bid to become president with executive powers, but they...
Interviews & Viewpoints | OBG talks to Ali Sabanci, Chairman, Pegasus Airlines from The Report: Turkey 2013
How can Turkey develop a culture and a legal system that encourages entrepreneurship while reducing the cost of business failure?
Interviews & Viewpoints | Mark Lewis, Senior Resident Representative in Turkey, IMF, on the challenges and opportunities confronting the economy from The Report: Turkey 2013
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...
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?