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Thursday, July 14, 2011

Turkey Current-Account Gap May Hit 10.8 Percent of GDP, BGC Says - Businessweek

"Turkey Current-Account Gap May Hit 10.8 Percent of GDP, BGC Says
July 14, 2011, 9:30 AM EDT

By Benjamin Harvey

July 14 (Bloomberg) -- Turkey’s current-account deficit will rise to 10.8 percent of gross domestic product in 2011 while the lira will weaken to 1.7 per dollar by year-end, BGC Partners chief economist Ozgur Altug said in an e-mailed report."

More:Turkey Current-Account Gap May Hit 10.8 Percent of GDP, BGC Says - Businessweek