Tuesday, May 24, 2011

Current account deficit in Turkey continues to rise

"Current account deficit in Turkey continues to rise

TEB - 24.05.2011

Current account deficit continues to rise on the back of domestic demand and high energy prices and raises questions about the sustainability of the deficit without a major correction on the activity and exchange rate level. In our baseline scenario, we assume Turkey will manage to muddle through in 2011 as the public and private sector is expected to continue to have easy access to external financial markets."

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