"After 'wasted year,' Turkey turns attention back to economic reform
ANKARA: Turkey hopes to increase its growth rate while reining in inflation in 2008, but economists say that the government's plans are insufficient during a time of tighter credit in global markets.
As part of its plan, the government led by Prime Minister Recep Tayyip Erdogan has vowed to raise the retirement age, shake up the labor market and increase aid for research and development. But such changes will have a positive fiscal effect on a slowing economy only in the long term, according to some analysts."
More:After 'wasted year,' Turkey turns attention back to economic reform - International Herald Tribune
