Turkey’s current account balance posted a deficit of $3.08 billion in May, down $919 million from the same month last year, the Turkish Central Bank announced on Friday.
According to balance of payments figures released by the bank, the country’s 12-month rolling deficit totaled almost $31.86 billion.
An Anadolu Agency survey this week showed that a group of 15 economists’ projections for the May current account deficit ranged from $1.2 billion to $3.35 billion, with the median at $2.72 billion.
The survey also projected that the end-2021 current account balance will have a $25.8 billion deficit.
In April, the current account posted a $1.71 billion deficit.
Source: Anadolu Agency