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Tuesday, October 11, 2011

Turkish Current Account Gap $4 Billion, Least Since October - Businessweek

Turkish Current Account Gap $4 Billion, Least Since October
October 11, 2011, 4:25 AM EDT

By Steve Bryant

(Updates with economist’s comment in fourth paragraph.)

Oct. 11 (Bloomberg) -- Turkey’s current-account deficit was $4 billion in August, the smallest gap since October last year as the central bank forecasts that a slowing economy will bring a “rapid” adjustment in the balance of payments.

More:Turkish Current Account Gap $4 Billion, Least Since October - Businessweek