[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109356-en":3,"doc-seo-109356-105":31,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},109356,4398048949847,"Eliana","https://ap-avatar.wpscdn.com/avatar/400002536579ef2da7f?_k=1778318612642679267",8,"Research & Report","Türkiye Country Economic Memorandum - Jobs for Prosperity - Executive summary and labor market chapters","Türkiye Country Economic Memorandum: Jobs for Prosperity examines growth and labor market developments and how macroeconomic stability and employment interact. The analysis addresses skills mismatch in the Turkish economy, the regulatory framework shaping firm labor demand, and the contribution of employment subsidies and other active labor market policies to labor market challenges. Supporting material includes executive summary, chapter structure, acknowledgements, and a glossary of acronyms and currency equivalents.","Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized  \nTÜRKİYE COUNTRY ECONOMIC MEMORANDUM  \nJOBS FOR PROSPERITY  \n© 2024 International Bank for Reconstruction and Development / The World Bank  \n1818 H Street NW Washington DC 20433 Telephone: 202-473-1000  \n[Internet: www.worldbank.org](Internet: www.worldbank.org)  \nStandard Disclaimer:  \nThis volume is a product of the staff of the International Bank for Reconstruction and Development/ The World Bank. The findings, interpretations, and conclusions expressed in this paper do not necessarily reflect the views of the Executive Directors ofThe World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.  \nCopyright Statement:  \nThe material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruction and Development/ The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly.  \nFor permission to photocopy or reprint any part of this work, pleasesenda request with complete information to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA, telephone 978-750- 8400, fax 978-750-4470, [http://www.copyright.com/](http://www.copyright.com/) .  \nAll other queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, The World Bank, 1818 H Street NW, Washington, DC 20433, USA, fax 202-522-2422, e-mail [pubrights@worldbank.org](pubrights@worldbank.org).  \nCONTENTS  \nCURRENCY EQUIVALENTS  i  \nACRONYMS  ii  \nACKNOWLEDGEMENTS  iii  \nLIST OF BOXES, FIGURES, AND TABLES  iiii  \nEXECUTIVE SUMMARY  1  \nOVERVIEW  7  \nCHAPTER 1: GROWTH AND LABOR MARKET DEVELOPMENTS  39  \nCHAPTER 2: GROWTH, MACROECONOMIC STABILITY, AND EMPLOYMENT  76  \nCHAPTER 3: SKILLS MISMATCH IN THE TURKISH ECONOMY  96  \nCHAPTER 4: THE REGULATORY FRAMEWORK AND FIRM LABOR DEMAND  127  \nCHAPTER 5: THE ROLE OF EMPLOYMENT SUBSIDIES AND OTHER ACTIVE  \nPOLICIES IN ADDRESSING LABOR MARKET CHALLENGES  162  \nANNEX  190  \nREGIONAL VICE PRESIDENT  \nAntonella Bassani  \nREGIONAL DIRECTOR  \nAsad Alam  \nCOUNTRY DIRECTOR  \nJ. Humberto Lopez  \nPRACTICE MANAGER  \nAntonio Nucifora  \nTEAM TASK LEADERS  \nClaire H. Hollweg, Laurent Bossavie  \nCURRENCY EQUIVALENTS  \nEXCHANGE RATE EFFECTIVE JULY 16, 2025  \nCurrency Unit = Turkish lira (TRY)  \nUS$1 = TRY 40.3  \nACRONYMS  \n\n| AI | Artificial intelligence |\n| --- | --- |\n| ALMP | Active labor market policy |\n| CBRT | Central Bank of the Republic ofTürkiye |\n| CDS | Credit default swap |\n| CEM | Country Economic Memorandum |\n| CEO | Chief Economic Officer |\n| CoHE | Council of Higher Education |\n| CPI | Consumer Price Index |\n| DABİS | Career Counselling Information System |\n| ECA | Europe and Central Asia |\n| ECEC | Early childhood education and care |\n| EIS | Enterprise Information System |\n| EPU | Economic policy uncertainty |\n| EU | European Union |\n| FX | Foreign exchange |\n| GDP | Gross domestic product |\n| HIC | High-income country |\n| HLFS | Household and Labor Force Survey |\n| HR | Human resource |\n| HRDF | Human Resource Development Fund |\n| ILO | International Labour Organization |\n| ISCED | International Standard Classification of Education |\n| ISCO | International Standard Classification of Occupations |\n| ISKUR | Turkish Employment Agency |\n| IT | Information technology |\n| KOSGEB | Small and Medium Enterprise Development and Support Administration |\n| LFS | Labor Force Survey |\n| LMIS | Labor market information system |\n| LMNA | Labor Market N","cbCailF0p5IXucc1","https://ap.wps.com/l/cbCailF0p5IXucc1","pdf",29369017,3,1,252,"English","en",105,"# Executive Summary\n# Overview\n# Chapter 1: Growth and Labor Market Developments\n# Chapter 2: Growth, Macroeconomic Stability, and Employment\n# Chapter 3: Skills Mismatch in the Turkish Economy\n# Chapter 4: The Regulatory Framework and Firm Labor Demand\n# Chapter 5: The Role of Employment Subsidies and Other Active Policies in Addressing Labor Market Challenges\n# Annex\n# Currency Equivalents\n# Acronyms\n# Acknowledgements","[{\"question\":\"What is the core focus of the Türkiye Country Economic Memorandum: Jobs for Prosperity?\",\"answer\":\"The memorandum focuses on how Türkiye’s growth and macroeconomic conditions relate to labor market outcomes, with emphasis on jobs, employment, and policy responses.\"},{\"question\":\"How does the report treat skills mismatch in the Turkish economy?\",\"answer\":\"It dedicates a dedicated chapter to skills mismatch, analyzing how gaps between skills and labor market needs can affect employment and job matching.\"},{\"question\":\"Which policy tools does the memorandum discuss for tackling labor market challenges?\",\"answer\":\"It examines employment subsidies and other active labor market policies, explaining their role in addressing labor market difficulties.\"}]","Türkiye Country Economic Memorandum - 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