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Financial News: Turkey Current Account Gap Widens In February

Turkey Current Account Gap Widens In February

04/11/2019 - 08:11:00 (RTTNews)

(RTTNews) - Turkey's current account deficit widened in February, figures from the central bank showed on Thursday.

The current account deficit rose to $718 million from $589 million in January. Economists had forecast a shortfall of $900 million.

The latest widening in the current account gap was largely due to a decrease in the visible deficit and an increase in the net inflows of services.

The capital accounts revealed a deficit of $1 million versus a surplus of $28 million in the previous month.

The deficit in the financial account narrowed to $2.14 billion from $6.25 billion in January.

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