Turkey

doi:10.5089/9781513524641.002

Turkey

IMF Staff Country Reports ◽

10.5089/9781513524641.002 ◽

2019 ◽

Vol 2019 (395) ◽

Author(s):

Keyword(s):

Current Account ◽

Sustainable Growth ◽

Medium Term ◽

Market Conditions ◽

Policy Credibility ◽

The Current Account

Following the sharp lira depreciation and associated recession in late-2018, growth has improved, helped by policy stimulus and favorable market conditions. The lira recovered and the current account has seen a remarkable adjustment. Turkey remains susceptible to external and domestic risks, however, and prospects for strong and sustainable growth over the medium term look challenging without reforms to address vulnerabilities, strengthen policy credibility, and boost productivity.

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Bhutan - Assessment Letter for the World Bank

Policy Papers ◽

10.5089/9781498339865.007 ◽

2012 ◽

Vol 2012 (97) ◽

Cited By ~ 1

Author(s):

Keyword(s):

World Bank ◽

Current Account ◽

Current Account Deficit ◽

Gdp Growth ◽

Medium Term ◽

The World Bank ◽

The World ◽

The Current Account

Bhutan's growth has remained robust, but the current account deficit has widened. • Bhutan's economy has expanded at a robust pace driven by the hydropower sector developments. GDP growth is estimated at nearly 8 percent in 2011/12 (from 8.5 percent in 2010/11), and is projected to reach 12.5 percent in 2012/13 due to the acceleration in hydropower-related construction. Inflation has risen, reaching 13.5 percent in 2012Q2, with both food and nonfood components accelerating. Bhutan’s medium-term outlook is favorable, as growth should remain strong at around 8-9 percent over the medium term, driven by developments in the hydropower sector, manufacturing, and domestic services.

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Romania

IMF Staff Country Reports ◽

10.5089/9781513512341.002 ◽

2019 ◽

Vol 19 (278) ◽

Author(s):

Keyword(s):

Economic Growth ◽

Current Account ◽

Investor Sentiment ◽

Domestic Policy ◽

Medium Term ◽

Fiscal Deficits ◽

Fiscal Stimulus ◽

Eu Countries ◽

Macroeconomic Imbalances ◽

The Current Account

Economic growth has remained strong, raising people’s incomes towards those in advanced EU countries. However, macroeconomic imbalances have become increasingly evident: the current account and fiscal deficits have been widening and inflation pressures are building. Economic growth is expected to stay above potential in 2019 on the back of continued fiscal stimulus, but slow down over the medium term due to faltering investment and reforms. The growing imbalances are eroding policy room for maneuver and increasing the risk that the convergence with EU could suffer a setback, triggered by domestic policy excesses or swings in global investor sentiment.

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