Turkish April current account deficit $1.33 billion, less than forecast

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Turkish April current account deficit $1.33 billion, less than forecast

The current account deficit has narrowed significantly since a currency crisis last year saw the lira fall some 30pc. That raised import prices and na

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London [UK], Jun 27 (ANI): Qatar’s announcement to invest in Pakistan is a part of a wider Turkey-led attempt to bring Pakistan into an Islamic alliance, according to a recent report by Cornerstone Global Associates, a London-based strategy and management consultancy.

The current account deficit has narrowed significantly since a currency crisis last year saw the lira fall some 30pc. That raised import prices and narrowed the trade deficit, a major element of the current account balance.

The median estimate of 14 economists polled by Reuters showed a deficit of $1.5 billion in April while year-end forecasts sho […]

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