Economy - IMF: Turkey will not be affected by troubles in Europe - Fashion - Style - Trendy

Sunday, May 30, 2010

Economy - IMF: Turkey will not be affected by troubles in Europe

International Monetary Fund (IMF) on Friday released the report in the Turkish economy experienced rapid healing inflation risk is therefore urgent measures package as soon switched to be noted and Turkey's European problem rather than be affected said.


IMF delegation in Turkey after completing their studies, 4 Article Calls & Programs Post-tracking evaluation of published reports, the financial policy of the reins in the event in Turkey, interest rates gradually increase would, reins not being in the case of monetary policy more firmly in the hard turned into in the case will remain noted.

6:25 PERCENTAGE GROWTH FORECAST

The IMF, the Turkish economy with the global impact of the crisis have quickly overcome the recession and pointed out that Turkey's banking and commercial risks resulting from the euro zone will be affected to a limited extent, he added.

The report, "growth recovery in progress and that the increasing current account deficits and short-term targets on watch to inflation accompanied of Turkey to the 2010 percent in 6:25 in the vicinity will grow" testimony was included.



The IMF growth forecast for 2011 was held at the level of 4 percent in recent months around for a while, and although the figures of two digits of the rising inflation rate back down to the level of single households said that they expect.

INFLATION ALERT

Turkey's IMF also may face a high amount of capital flow and may increase in the price of imported commodities, and these two developments could increase inflationary pressures and current account deficits were noted.


Fiscal policy could be approved in parliament next month, said the report, "Fiscal rules to adapt to seasonal conditions, while the medium-term budget deficit target is aimed at compliance. The formulation of the rule, and institutional aspects of the selection of parameters to be comprehensive and workable budget deficit ceiling of careful application enables plant, "he said.


Financial policy transparency in public finance management and reporting process, providing significant improvements while emphasizing that, thanks to the implementation of local government borrowing also said better to be followed.

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