Turkey's current account balance sees $273M gap in October

Bringing 12-month rolling deficit to nearly $33.8B by October

By Gokhan Ergocun

ISTANBUL (AA) - Turkey's current account balance posted a deficit of $273 million in October, bringing 12-month rolling deficit to $33.79 billion, the Turkish Central Bank revealed on Friday.

The figure was a $2.74-billion surplus in the same month last year, while it was down from $1.8 billion deficit previous month, the bank said.

An Anadolu Agency survey on Wednesday showed that economists expected a deficit of $200 million.

A group of 23 economists' estimates for the month ranged between a deficit of $1.2 billion and a surplus of $300 million.

The survey showed the end-2020 current account balance is expected to show a deficit of $34.5 billion.

Kaynak:

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