Turkey
Once constantly in crisis, Turkey’s economy in the past 18 months seems to have become stable, even predictable. “The challenge for Turkey has changed now, from crisis management to sustainable growth,” says Peter Malik, head of debt capital markets at CSFB. “It’s a question of continuing to do what they’re already doing.”
That means keeping the IMF programme on track, continuing to push the inflation rate down, maintaining fiscal discipline and putting in place the prerequisites for accession to the European Union.
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