Turkish Current-Account Deficit Narrows for Sixth Month in April
By Ben Holland - Jun 11, 2012 4:13 AM ET
Turkey’s current-account deficit narrowed for a sixth month in April after the lira’s decline and tighter monetary policy curbed imports.
The deficit was $5 billion in the month, down from $7.7 billion a year earlier, the central bank in Ankara said on its website today. It was forecast at $5 billion, according to the median estimate of seven economists surveyed by Bloomberg. The 12-month cumulative deficit narrowed to $69.2 billion, the lowest since May last year.
More:Turkish Current-Account Deficit Narrows for Sixth Month in April - Bloomberg