Thursday, Dec 03

Turkey sees $2.4 billion gap in current account balance

Bringing 12-month rolling deficit to $27.5 billion as of September, current account deficit was below market expectations.
11.11.2020 - 10:33

Turkey's current account balance posted a deficit of $2.4 billion in September, the Turkish Central Bank revealed on Wednesday.

CURRENT ACCOUNT BALANCE IS EXPECTED TO SHOW A DEFICIT OF $32.7 BILLION

The figure was a $2.8 billion surplus in the same month last year and down from $4.6 billion deficit previous month, the bank said.

An Anadolu Agency survey on Monday showed that economists expected a deficit of $2.7 billion. A group of 19 economists' estimates for the month ranged between $2.2 billion and $4.5 billion.

The survey showed the end-2020 current account balance is expected to show a deficit of $32.7 billion.