Can Turkey work miracle on current account deficit?
Turkey’s current account deficit, about $65 billion last year, is the ailing side of the country's economy. Ankara’s middle-term economic program projects the gap downward, to $55.5 billion, by the end of 2014. More optimistic projections see it narrowed even further, below $50 billion. Trying to reduce the gap without reducing dependence on foreign energy supplies would, however, require a complex effort.
More:Can Turkey work miracle on current account deficit? - Al-Monitor: the Pulse of the Middle East