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    Published on Friday, September 21, 2018 | Updated on Friday, September 21, 2018

    Turkey | A more realistic New Economic Program

    Summary

    Turkey’s New Economic Program (NEP) hinders a re-balancing of the economy with fiscal consolidation in the short term in a more realistic framework.The NEP is more consistent with expectations. The prudent stance of the fiscal policy is now more adequate and should complement the already tight monetary policy conditions to re-balance the economy.

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    Authors

    Adem Ileri BBVA Research - Principal Economist
    Serkan Kocabas
    Seda Guler Mert BBVA Research - Chief Economist
    Alvaro Ortiz BBVA Research - Head of Analysis with Big Data

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    Report (PDF)

    Policy-Pulse_New-Economic-Program

    English - September 21, 2018

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