Türkiye’s economic growth in the last two decades has been remarkably rapid and inclusive, raising household incomes and bringing millions of people out of poverty. Growth has been broad based and has...
Food price inflation has increased persistently in recent years in Turkey with a widening divergence from international food price inflation. The study analyzes the main inefficiencies in the Turkish agricultural...
Turkey’s economic performance has been a tale of two economies, overall high growth, matched by a deterioration in macro-financial conditions. Good progress in vaccination rollouts allowed Turkey to reopen...
COVID-19 (coronavirus) has taken a heavy toll on Turkey, as it has across much of the world. New estimates of total COVID-19 cases indicate that the epidemic grew rapidly over November and into December...
This paper presents a framework to study countries’ export potentials. It uses a gravity model to develop measures of export and trade policy potentials at the aggregate, bilateral, and industry levels...
Despite an initial surge in COVID-19 cases, cross country data suggests that Turkey containedrelatively quickly the spread and worst health effects of the virus. As in other countries, however, continued...
The Turkish economy has experienced major external adjustments over the past 12 months, including declining current account imbalances, reduced external debt of banks, and a recovery in portfolio flows...
Turkey’s pace of income convergence has globally been one of the most remarkable of the past fifteen years. Sustaining growth and improvements in living standards in Turkey will require higher productivity...
Mid-2018 was a period of intense market volatility and rising economic stress in Turkey that wasprecipitated by existing macroeconomic imbalances and elevated political tensions with the US.A confluence...
A strong policy response - on the back of fiscal buffers, a strong financial system, and favorable external conditions - enabled Turkey to recover from its shock of 2016, with growth accelerating to 7.4...
The Turkish statistical institute (TURKSTAT) has gone through a major revision of its national accounts system. TURKSTAT has undertaken a number of changes simultaneously to align its methodology with...
Turkey’s economy shrank in third quarter amid temporary political turmoil and falling tourism revenues. The contractions on the expenditure side were mirrored by declines on the production side. We revise...
The Turkish statistical institute (TURKSTAT) has gone through a major revision of its national accounts system. TURKSTAT has undertaken a number of changes simultaneously to align its methodology with...
Turkey’s economy shrank in third quarter amid temporary political turmoil and falling tourism revenues. The contractions on the expenditure side were mirrored by declines on the production side. We revise...