Turkey: Current account registers $2.9B gap in June

Turkish Central Bank says 12-month rolling deficit totaled $11.1B as of last month

By Tuba Sahin

ANKARA (AA) - Turkey's current account balance posted a deficit of $2.93 billion in June, slightly down from the market expectation, according to the Turkish Central Bank data on Friday.

The June figure widened by $2.8 billion from the same month last year, data showed.

The country's 12-month rolling deficit totaled at $11.1 billion, the bank said.

An Anadolu Agency survey on Wednesday showed that economists had estimated the current account balance to post a $3 billion deficit in the month.

The forecasts of a panel of 12 economists ranged between $2.3 billion and $5.1 billion.

The survey also found Turkey's current account balance is projected to post an $18 billion deficit in 2020.

Kaynak:

This news has been read 206 times in total