01829cas a2200241 a 4500 AALejournalIMF014833 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484304501 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Turkey : Staff Report for the 2014 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (79 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2014 Article IV Consultation highlights that Turkey's economy has grown on average by 6 percent annually since 2010, but this has come at the expense of a large external deficit, making the economy sensitive to changes in external financing conditions. Macroeconomic policies have been too accommodative, inflation is high and well above the authorities' target, real policy interest rates remain negative, and the exchange rate continues to be stronger than suggested by fundamentals. The main risk for Turkey remains a capital flows reversal, associated with monetary policy normalization in advance economies or changes in the country risk premium. Other risks center on slower European growth, geopolitical issues, and the strength of the policy framework. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2014/329 Full text available on IMF http://elibrary.imf.org/view/journals/002/2014/329/002.2014.issue-329-en.xml IMF e-Library