Turkey’s central bank said on Monday the country’s current account deficit in February narrowed to $1.23 billion.
The figure is more than a Reuters forecast for a deficit of $0.99 billion.
In January, the current account deficit was $1.613 billion. In 2019 Turkey’s current account surplus was $1.674 billion.
The deficit was $117 million in February 2019, said the central bank.
“This development is mainly attributable to $1.17 billion increase in the goods deficit recording net outflow of $1.9 billion and $222 million increase in primary income deficit to $729 million,” the bank said.
The post Turkey posted $1.23 billion current account deficit in February: central bank appeared first on Turkish Minute.
from Turkish Minute https://www.turkishminute.com/2020/04/13/turkey-posted-1-23-billion-current-account-deficit-in-february-central-bank/
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