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Monday, July 11, 2011

Turkey's C/A deficit continues to widen at full speed despite a tremendous tourism season

"Turkey's C/A deficit continues to widen at full speed despite a tremendous tourism season

- Current account balance in May recorded a deficit of US$7.75 bn (posting a 163% y-o-y increase in May, which is much higher than the y-o-y increases in the previous months), which was in line with the market consensus and our forecast of US$7.7 bn."

More:Balkans.com Business News : Turkey's C/A deficit continues to widen at full speed despite a tremendous tourism season