Turkey's C/A deficit continues to widen despite a tremendous tourism season
BGC Partners - 12.09.2011
- Current account balance in July recorded a deficit of US$5.3 bn (posting a 49% y-o-y increase in July, which is significantly lower than the y-o-y increase in the first six months of the year), which was in line with the market consensus (US$5.4 bn) and our forecast (US$5.6 bn).
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