Turkey’s current account deficit grows by less than expected in April to $1.33bn

The median estimate of 14 economists polled by Reuters showed a deficit of $1.5bn in April while year-end forecasts showed a deficit of $10.35bn. The gap stood at $27.63bn in 2018.

Last year’s Turkish lira crisis, which wiped off around a third of the value of the local currency against the dollar, has pushed up import prices, causing the current […]