Turkish Economic Developments in the Context of the Lisbon Strategy “Recent Developments in T he Turkish Economy” Eve Paarendson & Ekrem Keskin Kayseri, July 2006. Economic Policy Framework Turkey is an open economy Capital flows are free, n o exchange rate restrictions for investors
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Turkish Economic Developments in the Context of the Lisbon Strategy
“Recent Developments in The Turkish Economy”
Eve Paarendson & Ekrem Keskin
Kayseri, July 2006
Selected macro economic outcomes of the recent developments
Inflation has came down historically, the lowest during the free market economy although declining trend halted recently and reversed slightly.
One of the main reasons behind these positive outcomes was the tight fiscal policy which led to a substantial decline in PSBR and budget deficit
Although better economic performance created new jobs, unemployment rate has remained high due to labour force saving investment and rising participation rate.
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