• İstanbul 14 °C
  • Ankara 1 °C

Turkey's current account deficit down in March

Turkey's current account deficit down in March
12-month rolling deficit at $29.5 billion for March, Central Bank says

ANKARA (AA) - Turkey's current account deficit narrowed by $1.09 billion in March, the Central Bank said Wednesday.

In a statement, the bank said the deficit slowed to $3.68 billion in the month, bringing the 12-month rolling deficit to $29.5 billion.

“Once again the improvement observed in the foreign trade deficit compared to the same month of last year is the main factor in the decline of the current account deficit in March,” economist Haluk Burumcekci said.

“Also the continuation of low cost energy imports is positive for the course of current account deficit next month.”

Burumcekci said he expects Turkey to see a current account deficit of $38 billion in 2016. “Risks on our current account deficit forecast are significantly on the downside,” he said.

source: News Feed
This news is a total 344 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim