Turkey: Current account posts $518M deficit in November

Turkey: Current account posts $518M deficit in November

12-month rolling surplus totals $2.7 billion, official figures show

By Gokhan Ergocun

ISTANBUL (AA) - Turkey’s current account balance saw a deficit of $518 million in November 2019, according to official figures released on Monday.

The balance has posted a $1 billion surplus in the same month 2018.

The Turkish Central Bank's balance of payments figures showed the country's 12-month rolling surplus amounted to $2.7 billion.

An Anadolu Agency survey on Friday showed that economists had estimated current account balance to a deficit of $450 million in November.

The forecast of a group of 12 economists hovered between $250 million and $660 million.

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