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Global Economic Prospects

Growth in Europe and Central Asia continued to pick up, with commodity exporters and importers alike achieving recovery.

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New Report

Regional Investment Climate Assessment closes with a series of data and analysis required to develop good policies.

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Risk Mitigation

Located on the vulnerable Northern Anatolian Fault, Turkey’s capital city, Istanbul, is highly exposed to seismic activity.

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Turkey in Figures


Turkey’s growth slowed from 6.1 percent in 2015 to 2.9 percent in 2016, as the failed coup attempt depressed consumer and business confidence. The rebound in global oil prices led to a widening current account deficit, while the rapid depreciation of the Lira and a poor harvest drove inflation higher. Meanwhile, the pace of poverty reduction lost momentum. In the medium-term, with larger macro imbalances, Turkey faces substantially slower growth and poverty reduction, as structural weaknesses become binding. Read more...

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Experts

Johannes Zutt

Country Director for Turkey

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Ankara, Turkey
Ugur Mumcu Cad. No:88 2nd Floor,
+90 312 4598300
turkeywebfdbk@worldbank.org