Turkish May current account surplus $151 mln, less than forecast

HomeBorsa İstanbul

Turkish May current account surplus $151 mln, less than forecast

Turkey's current account generally shows a deficit but it began to narrow sharply amid a currency crisis last year, when the lira weakened some 30%. T

Turkey cuts rates aggressively to keep credit flowing in crisis
Turkey’s Central Bank takes major step for financial stability
‘Turkish exporters break records albeit global threats’

Turkey’s current account generally shows a deficit but it began to narrow sharply amid a currency crisis last year, when the lira weakened some 30%. That raised import prices and narrowed the trade deficit, a major current account element.

The median estimate of 13 economists polled by Reuters was for a surplus of $300 million in May. In the year […]

COMMENTS

WORDPRESS: 0
DISQUS: