Key indicator narrows down

Bloomberg

refid:10616932 ilişkili resim dosyası

The deficit contracted to $2.6 billion from $3.25 billion in October 2007, the Central Bank said on its Web site Friday. The gap was forecast at $2.5 billion, according to the median estimate of eight economists in a Bloomberg survey.

The YTL slid 18 percent against the dollar in October, making Turkish exports more competitive and imports more expensive. Falling energy prices are also helping to narrow the current-account deficit, easing pressure on the government to draw in investment.