Turkey Current A/C Deficit Shrinks
World Economy

Turkey Current A/C Deficit Shrinks

Turkey’s current account deficit narrowed for a ninth month in April as the cost of imported energy fell, Bloomberg reported. The shortfall in the current account, the broadest measure of trade in goods and services, narrowed to $2.96 billion in April from $3.86 billion a year earlier, Turkey’s central bank said in a statement. The median estimate in a Bloomberg survey of 13 analysts called for a $3.4 billion gap. The current account deficit is expected to widen to 4.7% of gross domestic product at the end the year from around 4.5% in 2015, according to estimates compiled by Bloomberg.


Short URL : http://goo.gl/z4EOuy
  1. http://goo.gl/H537Bd
  • http://goo.gl/pp7Rwe
  • http://goo.gl/FDfmp0
  • http://goo.gl/kuiv5O
  • http://goo.gl/L4BFMK

You can also read ...

US Economy Back on Top of World Competitiveness Ranking
Marking its 30th edition this year, the IMD World...
Some 96% believe that bribery and corruption was an important issue to tackle.
Almost one out of two large global companies experienced some...
China Debt Crackdown Leaves Institutions Short of Cash
China is cutting off funds to financial companies and banks...
Deutsche Bank Will Cut 7,000 Jobs
Deutsche Bank said on Thursday it will reduce global staff...
Taiwan Growth Forecast Upgraded to 2.6%
The directorate general of budget, accounting and statistics...
Turkey Raises Rates Sharply to Prop Up Lira
Turkish President Recep Tayyip Erdogan is facing a potentially...
Two Oman Banks Discuss Merger
Oman Arab Bank has initiated merger talks with fellow Muscat-...
MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat.
Market sentiment was a little shaky on Friday with Asian...