IMF’s Scorecard Says Turkey Passed Test, May Fail Its Aftermath
Cagan Koc
Thanks to stimulus that includes expansionary fiscal policy, the IMF now expects the economy to eke out expansion of about 0.25% in 2019, a sharp change from its previous forecast of a decline of 2.5%, according to a statement concluding the fund’s annual mission to Turkey.
Even so, it warned of grimmer prospects ahead and took issue with President Recep Tayyip Erdogan’s focus on turning on the credit tap again.
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