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Sevin Ekinci. Turkey November 2011. Main Subjects. Economic Prospects for 2012 Politics- A new constitution Governmental system-AKP targets 2023 Foreign Relations (EU, Cyprus, ME, NA). Economic Prospects A Relative Advantage. Economic Prospects A Relative Advantage.
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Sevin Ekinci Turkey November 2011
Main Subjects • Economic Prospects for 2012 • Politics- A new constitution • Governmental system-AKP targets 2023 • Foreign Relations (EU, Cyprus, ME, NA)
Economic Prospects • Proactive monetary policy The objective of macroprudential policy is to reduce systemic risk by Reducing the pro-cyclicality of the financial sector Improving its resilience to adverse shocks; by explicitly incorporating the inter-linkages between, and common exposures of, all institutions
Economic Prospects: lower credit use would ease current account deficit
Politics • A new Constitution Process: Debates between AKP-CHP-BDP-MHP Joint opinions of AKP-CHP-BDP-MHP Most likely scenario: A referendum by end-2012 which overrules presidential system.
Governmental system • AKP targets 2023 Medium-Term Economic Program covers 2012-2014; no ambition yet strong fiscal policy projections. Next elections-2014 (presidential); 2015 (parliamentary) • Can they achieve to their 2023 target? Well it is conditional… • On domestic and • International developments (EU, Cyprus, Israel, Middle East and North Africa)
Foreign Relations • How the economy works in Turkey EU Cyprus Middle East North Africa Israel