Turkey: Can Damaged Credibility Be Restored?

15 March 2018 Turkey has a history of  "boom-bust" economic cycles.  And, while Turkey enjoyed an impressive 7% GDP gain in 2017, the telltale signs of overheating again have emerged.  In February 2018, for instance, inflation stood at 10.3% (granted, a bit lower than previous months), double the central bank's (CBRT) 5% target.  And, core [...]

State Of the Union: Jam Today, Cuts Tomorrow

23 January 2018 On 30 January, President Trump will deliver his first State of the Union speech.  To be sure, the state of the US economy is healthy  (I will leave it to others to assess the state of the Union). Indeed, GDP has  advanced at over a 3% clip during the past nine months.  [...]

China: IMF Selected Issues

The IMF provides in-depth assessments of key policy issues.  How is the rebalancing of the economy progressing? Can the dramatic capital outflows be controlled? How are coporate deleveraging and SOE reform advancing? What steps are being taken to control coal-induced pollution? China IMF August 2016