Turkey’s current account balance posted a USD 5.56bn deficit in March, growing USD 2.23bn from a year ago, according to the Central Bank. The bank said the country’s 12-month rolling deficit reached USD 24.22bn in March. Goods trade deficit increased USD 3.36bn year-on-year to reach USD 6.34bn. Services item indicated a net surplus of USD...
Latest News:
Macroprudential measures can’t replace monetary policy: TUSIAD
Digital transformation of Chinese commercial banks: OPINION
The sustainable advantages of purchasing second-hand products
It’ll be enough to manage until the election!
What matters on Wednesday, January 25
Startups receive USD 1.6bn funding in 2022
Domestic tourism expenditures skyrocket
Consumer confidence hits 16-month high
What matters on Monday, January 23
Izmir to hold an economy congress for the second century of the republic
Central Bank keeps interest rate steady at 9%
What matters on Wednesday, January 18
What matters on Tuesday, January 17
Budget deficit hits TRY 139.1bn in 2022
‘The climate crisis is on top of our agenda’
What matters on Friday, January 6
Economy to retract in 1H, recover in 2H
What matters on Thursday, January 5
Has anyone seen a decrease in prices?
Home
CAD
Tag: CAD
In hope for forever current surplus days: OPINION
Exports were increasing and imports were decreasing earlier this year. Thus, the foreign trade deficit was shrinking and Turkey even showed a trade surplus in October, according to the balance of payments. In addition, tourism income was positive. As a result, we thought that our current account deficit problem was over, or nearly over! But...