"Business outlook: Turkey
(Business Europe Via Thomson Dialog NewsEdge)The Justice and Development Party (AKP) government, led by prime minister Recep Tayyip Erdogan, is expected to stay in power until the next election, due in late 2007. EU accession negotiations, which were officially opened in October 2005, will be difficult. We expect Turkey to adhere in broad terms to the three-year IMF stand-by agreement signed in May 2005, which envisages, among other things, a continued tight fiscal policy, state-bank restructuring, and privatisation. In 2006 we expect a fall in the value of the Turkish lira to lead to slightly higher inflation and slower GDP growth of 4%."
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