Tuesday, May 31, 2011

Turkish April Trade Deficit $9.1 Billion, Less Than Forecast - Businessweek

"Turkish April Trade Deficit $9.1 Billion, Less Than Forecast
May 31, 2011, 4:18 AM EDT

By Steve Bryant

(Updates with economist comment in fourth paragraph.)

May 31 (Bloomberg) -- Turkey’s trade deficit expanded less than expected in April, bolstering the central bank’s argument that its restrictions on lending are working to reduce the current-account deficit."

More:Turkish April Trade Deficit $9.1 Billion, Less Than Forecast - Businessweek