Video  Commentary:  The Dark Secret in TURKEY’s MTEP

The Dark Secret in TURKEY’s MTEP

(Medium Term Economic Program)

[embed]https://www.youtube.com/watch?v=XwNA3whYzoE&t=118s[/embed]

• The annually revised 3-year Medium Term Economic Program is a critical document providing forward guidance to economic actors regarding the government’s intended legislation and economic policy.
• As usual, the economic projections are unduly rosy. Turkey can’t grow 4% + per annum, while reducing inflation and current account deficits.
• The Dark Secret in MTEP is hidden NOT in  the document, but IN THE WEAY it is presented.
• This Dark Secret can make all the difference in guiding the reaction to MTYEP.
• Mehmet Simsek plans to use MTEP to attract financial investments to Turkey. Can he do it?
• Is Turkey safe from another currency crisis this winter?
• Useful source:  Analysis: Medium Term Program – Government aims to bring down inflation without sacrificing growth

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