OECD's 2012 survey of Turkey's economy examines recent economic developments, policies, and prospects and takes a more detailed look at real exchange rates and competitiveness and structural reforms and growth. Assessment and recommendations include: (i) Turkey's vigorous post-crisis recovery has drawn heavily on foreign saving; (ii) The macroeconomic outlook appears relatively favourable, with risks on both sides; (iii) Putting growth on a more balanced path; (iv) Future growth performance will be shaped by structural policy choices.