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Can Turkey disprove IMF's dismal economic growth forecast?

The International Monetary Fund expects the Turkish economy to further slow down in 2017, but Ankara believes it can disprove the forecast.
A money changer counts Turkish lira bills at a currency exchange office in Istanbul January 24, 2014. A global flight from emerging market assets gathered pace on Friday, sending the Turkish lira to a record low and setting global shares on course for their worst week this year. European shares fell, especially in firms exposed to emerging markets, and a sell-off on Wall Street was poised to extend into a second day as investors worried about the impact of slower growth in China, U.S. monetary policy and po
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The International Monetary Fund’s (IMF) April 2017 World Economic Outlook report was eagerly anticipated in Turkey amid the country's serious economic woes and political turmoil.

For Turkey, the most important aspect of the report was the IMF's approval of a new calculation method adopted last year by the Turkish Statistics Institute (TUIK) to determine gross domestic product. In a move that stirred much controversy, the TUIK revised figures retroactively so that the country’s 2015 GDP, for instance, increased 20%. The IMF, however, has downplayed the criticism that Turkish pundits have leveled against the move by employing the new GDP data, according to which the Turkish economy grew 6.1% in 2015 and 2.9% in 2016.

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