Ankara
Turkey’s current account balance registered a deficit of $1.8 billion in July, the Turkish Central Bank said. The figure deteriorated from $1.9 billion surplus in July 2019 and down from $2.9 billion this June, the bank said. Bringing 12-month rolling deficit to $14.9 billion as of this July, current account deficit mainly stemmed from outflow in services. Net inflow in services item decreased to $288 million in July, down by $4.6 billion in the same period last year, the bank said. “On the other hand, the good deficit recorded net outflow of $1.8 billion decreasing by $425 million,” it noted. An Anadolu Agency survey on Thursday showed that economists had forecast a deficit of $1.9 billion. Projections of a group of 24 economists ranged from $800m to $2.8b for the month.—Agencies
