Growth resilient in 2013 but forecast to moderate in 2014.
Unorthodox monetary policy finally replaced by conventional measures.
Exchange rate risk remains a concern. Adequate fiscal position.
Current account deficit is narrowing slightly but the financing of the
deficit remains a cause of concern. Rapidly rising short-term external debt poses
risks and requires close monitoring. Foreign exchange reserves appear adequate.
Turkey: Current account deficit remains the Achilles heel - Report
Unorthodox monetary policy finally replaced by conventional measures.
Exchange rate risk remains a concern. Adequate fiscal position.
Current account deficit is narrowing slightly but the financing of the
deficit remains a cause of concern. Rapidly rising short-term external debt poses
risks and requires close monitoring. Foreign exchange reserves appear adequate.
Turkey: Current account deficit remains the Achilles heel - Report