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‘Countries like us’ could have never done this
The first measure to tackle economic contraction and rising unemployment in the short term is definitely the policies to stimulate domestic demand. On the other hand, in…
What the problem will be in the future for those who remain passive
If you surf on the Internet and look what did countries considered as emerging economies do during the crisis you get depressed. The question "Why did we remain so…
Success of the program and external conditions
Third section of the Medium Term is titled 'macroeconomic policies and objectives. Second paragraph of this section makes the following short evaluation regarding the…
Conditions for the success of the program and the IMF
I already started to discuss the success conditions of the Medium Term Program announced in mid-September. The points I touched upon on my last commentary were: promised…
Brazil’s credit rating increased; Turkey’s outlook turned to positive
Ramadan holiday must not make us ignore recent positive developments. It seems that things are beginning to get back on tract in the world; does not it? First of all,…
Conditions for the success of the program
Growth forecasts of the Medium Term Program (MTP) for the 2010-2012 period is as follows: 2010: 3.5 percent, 2011: 4 percent, 2012: 5 percent. If these forecasts are…
MTP and independence of the Central Bank
Among the most important elements of the Economic Recovery Program launched in Turkey in the aftermaths of the 2001 crisis was the granting of independence to the…
Large difference between industrial growth figures
Recently, economy media lays particular emphasis on one point: There is a significant difference between the national income growth figures for the second quarter…
Do you follow the discussions in the US?
Nowadays United States of America (USA) does not discuss the 2008 crisis much. Three out of four headlines in the web site of White House ( www.whitehouse.gov ) is not…
It is OK for them, but what about our government?
Medium Term Fiscal Program (MTFP) began to be shaped. Now we at least know that there exists a text on which an agreement is reached "within the government" in general…
Medium term program has three vulnerable points
Yesterday Deputy Prime Minister Ali Babacan announced the medium term program for 2010-2012 period with a press meeting. Moreover, revised estimates for 2009 were also…
What is fiscal discipline?
Turkey overcame the 2001 crisis by tightening the belts. Base issue was the budget discipline. Now we are faced with the 2008 crisis. And we are at the beginning of a…