Arab Today, arab today turkey’s current account deficit rises by 164
Last Updated : GMT 04:12:08
Arab Today, arab today
Arab Today, arab today

Turkey’s current account deficit rises by 164%

Arab Today, arab today

Arab Today, arab today Turkey’s current account deficit rises by 164%

Istanbul - Arabstoday

Turkey’s current account deficit rose 164 per cent on the year to $7.753 billion in May, slightly below forecasts but offering little relief to markets anxious about Turkey’s mounting exposure to external shocks. In the first five months the shortfall widened to $37.274 billion from $16.839 billion a year earlier, central bank data showed on Monday. May’s current account deficit was forecast at $7.9 billion according to a Reuters poll of 15 analysts. “The deterioration in the current account deficit continues at full speed and the financing quality continues to worsen,” said economist Ozgur Altug at BGC Partners, noting the 12-month rolling deficit was equal to 9 per cent of GDP. “The financing of the current account deficit is not promising in 2011 compared to the last six years” portfolio inflows along with the net errors and omissions item continue to finance more than 60 per cent of the deficit, which makes the country more prone to sudden stops,” he continued. The deficit, which last year stood at 6.7 per cent of GDP, is cited as the key risk to Turkey’s economic outlook. So long as investors are prepared to lend to Turkey the country can run a deficit. From / Gulf Today

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today turkey’s current account deficit rises by 164 Arab Today, arab today turkey’s current account deficit rises by 164

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today turkey’s current account deficit rises by 164 Arab Today, arab today turkey’s current account deficit rises by 164

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday