Some thoughts on the Turkish saving rate


I just gave a talk at a FODER (Turkish Financial Literacy Foundation) conference, which was the third of its kind (here is the conference link in Turkish). The conference was on Turkey’s Private Pension System, which has been growing, partly thanks to various incentives provided by the government, but still remains awfully small as percent of the economy (at less than 3% of GDP).  My job was to share some thoughts — and confusions (largely stemming from Turkey’s new GDP figures) — on Turkey’s saving rate from a macro perspective.

The presentation is here — as always, I would be happy to hear your comments/corrections/questions at