Turkey's current accounts deficit down to $45.2 billion

Turkey's current accounts deficit down to $45.2 billion

ISTANBUL - Hürriyet Daily News
Turkeys current accounts deficit down to $45.2 billion

AP photo

Turkey's current accounts deficit was down to $45.2 billion in the first eleven months of 2012, according to official data.  The Central Bank said today that the gap was down fell by $25.1 billion when compared with the January-November period in 2011.

The year-on-year deficit in November fell 33.4 percent to $4.5 billion. However, it increased to $4.5 billion from $1.9 billion in October.

Vakıfbank said in a note to investors that the figure was slightly below the market expectation.

The goods account gap widened rose to $5.5 billion while the services account posted a $1.2 billion in surplus.

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