Lagarde hails Turkish reform success

Christine Lagarde

Christine Lagarde, managing director of the International Monetary Fund (IMF), on May 11 congratulated Turkish authorities on the reforms and achievements of the past 10 years that have "led to macroeconomic stability and enabled a major transformation of the Turkish economy".

She added that the country's economy was now at a "critical" juncture. "Economic growth is projected to decelerate this year. The deceleration in growth has its benefits, allowing a reduction in the current account deficit

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