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OECD Report Says Turkey at 'Economic Crossroads'


A top international economic organization says Turkey is "at a crossroads", noting that the country has done much to enhance its economic stability, but needs to do more.

The Paris-based Organization for Economic Cooperation and Development presented the report Thursday during a visit to the French capital by Turkish Prime Minister Recep Tayyip Erdogan.

The report says Turkey had made efforts to improve governance, macroeconomic policy and investor confidence, following an economic crisis three years ago.

However, the OECD report says the Ankara government should do more to enhance long-term economic growth by guaranteeing property rights and improving the justice system.

It also says the large size of Turkey's informal, or underground, economy remains a problem as it narrows the country's tax base.

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