Turkey posts yet another current account deficit in October - TRNEWS

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11 Aralık 2020 Cuma

Turkey posts yet another current account deficit in October

Turkey’s current account remained in deficit for the 11th month in a row amid a deteriorating trade balance, Bloomberg reported.

The gap in Turkey’s current-account — the broadest measure of the country’s trade in goods and services — stood at $273 million in October. The median of 14 estimates in a Bloomberg survey was for a shortfall of $0.1 billion.

The deficit narrowed from a revised $2.56 billion in September. The 12-month rolling deficit reached $33.8 billion from $30.8 billion in the previous month.

The post Turkey posts yet another current account deficit in October appeared first on Turkish Minute.



from Turkish Minute https://www.turkishminute.com/2020/12/11/turkey-posts-yet-another-current-account-deficit-in-october/

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