NewsTurkey: Current Account Balance Sees $3.76B Gap In May

Turkey: Current Account Balance Sees $3.76B Gap In May

13.07.2020 10:27

12 month rolling deficit stands at $8.24B, says Central Bank.

Turkey's current account balance saw $3.76 billion deficit in May, the country's Central Bank revealed on Monday.

The figure deteriorated from a $1.07 billion surplus in the same month last year, according to the bank's report on balance of payments.

Turkey's 12-month rolling deficit reached $8.24 billion in May.

The figure came at better than market projections of $4.3 for the month.

The estimations of a group of 14 economists polled by Anadolu Agency last week ranged between $3.2 billion and $5.6 billion for May.

The survey also forecast the end-2020 current account balance to hit $17.5 billion deficit. -

Latest News

Minister Yumaklı: 7 forest fires are ongoing.

"Minister Yumaklı: 7 forest fires are ongoing."
Investigation launched against Leman for publishing scandalous cartoons about Prophet Muhammad.

"Investigation launched against Leman for publishing scandalous cartoons about Prophet Muhammad."
The 2026 NATO summit will be held in Ankara in July.

"The 2026 NATO summit will be held in Ankara in July."

""Statements from President Erdoğan after the Cabinet meeting.""
Flash claim! Jhon Duran is coming to Istanbul tonight for Fenerbahçe.

"Flash claim! Jhon Duran is coming to Istanbul tonight for Fenerbahçe."
The White House announced that Trump will lift sanctions on Syria.

"The White House announced that Trump will lift sanctions on Syria."
In Seferihisar, flames approached the houses! One neighborhood has been evacuated.

"In Seferihisar, flames approached the houses! One neighborhood has been evacuated."

""Another star for Galatasaray after Leroy Sane! Talks have started with Tottenham.""
President Erdoğan's announcement after the Cabinet meeting: We are adding 5 cancer drugs to the reimbursement list.

"President Erdoğan's announcement after the Cabinet meeting: We are adding 5 cancer drugs to the reimbursement list."
The striking survey while discussing absolute nullity in Turkey: Kılıçdaroğlu or Özel?

"The striking survey while discussing absolute nullity in Turkey: Kılıçdaroğlu or Özel?"
Good news for the Super League giants! These stars are currently available for free.

"Good news for the Super League giants! These stars are currently available for free."
Tammy Abraham is coming to Istanbul for Beşiktaş.

"Tammy Abraham is coming to Istanbul for Beşiktaş."
Here are the last moments of the 4 young people who lost their lives inside the car.

"Here are the last moments of the 4 young people who lost their lives inside the car."
Two mistakes that caused the fire in İzmir! The disaster came despite being foreseen.

"Two mistakes that caused the fire in İzmir! The disaster came despite being foreseen."
Kılıçdaroğlu's first comment on the incident shared about him.

"Kılıçdaroğlu's first comment on the incident shared about him."
Is the price of tomatoes 20 euros in Germany? Mustafa Sandal went to the market and took pictures of the labels.

"Is the price of tomatoes 20 euros in Germany? Mustafa Sandal went to the market and took pictures of the labels."
Minister Yerlikaya: Over 50,000 of our citizens have been relocated to safe areas in 3 provinces.

"Minister Yerlikaya: Over 50,000 of our citizens have been relocated to safe areas in 3 provinces."
Four lifeless bodies were found in the vehicle that was in working condition.

"Four lifeless bodies were found in the vehicle that was in working condition."
Fire disaster in Hatay! The screams of the citizens deafened the ears.

"Fire disaster in Hatay! The screams of the citizens deafened the ears."
The heartbreaking post from the mother of Nihal Candan, who passed away at the age of 30.

"The heartbreaking post from the mother of Nihal Candan, who passed away at the age of 30."

""Money rained from the sky, and citizens competed with each other to catch it.""
The first reaction from Özel regarding the postponement of the CHP congress trial.

"The first reaction from Özel regarding the postponement of the CHP congress trial."
His father had blocked his transfer to Beşiktaş! They announced Osayi's new team.

"His father had blocked his transfer to Beşiktaş! They announced Osayi's new team."
The CHP's congress trial has been postponed to September 8th.

"The CHP's congress trial has been postponed to September 8th."
President Erdoğan announced a figure for the year-end inflation.

"President Erdoğan announced a figure for the year-end inflation."
In order to provide you with a better service, we position cookies on our site. Your personal data is collected and processed within the scope of KVKK and GDPR. For detailed information, you can review our Data Policy / Disclosure Text. By using our site, you agree to our use of cookies.', '