Turkey's current account gap falls in January

Central bank says current account posts $813M deficit in January, improving from $7B deficit in same month last year

By Muhammed Ali Gurtas

ANKARA (AA) - Turkey's current account deficit fell 88.4 percent in the first month of this year, the country's central bank announced on Monday.

In January, the current account posted an $813-million deficit, improving from a $7-billion deficit in the same month last year.

An Anadolu Agency survey on Friday showed that economists had forecast a deficit of $800 million.

Estimations of a group of 16 economists ranged from $600 million to $1.2 billion for the first month of 2019.

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