Turkey’s current account deficit in November 2016 to widen

ANKARA – Anadolu Agency

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Turkey’s current account deficit is expected to stand at $2.6 billion in November 2016, a group of economists said Jan. 9.

A panel of 19 experts questioned by Anadolu Agency predicted an average of a $2.6 billion deficit for November, a half-billion-dollar rise or a 23 percent increase compared to a $2.1 billion deficit in November 2015.  
   
The country’s current account deficit figures for November are set to be made public on Jan. 11.  
    
Economists also forecast that Turkey’s year-end current account deficit would reach $34.3 billion, with the highest forecast at $36 billion and the lowest at $32.8 billion. The country’s deficit was $32.2 billion in 2015.      
Turkey’s current account deficit in October 2016 was $1.67 billion, with a 12-month rolling deficit of approximately $33.8 billion, according to the Turkish Central Bank.