Turkey's current account posts 273 million dollars deficit

Turkey's current account balance posted a deficit of 273 million dollars in October, bringing the 12-month rolling deficit to 33.79 billion dollars, the Turkish Central Bank has revealed.

The figure was a 2.74 billion dollars surplus in the same month last year, while it was down from a 1.8 billion dollars deficit previous month, the bank said.

An Anadolu Agency survey on Wednesday showed that economists expected a deficit of $200 million.

A group of 23 economists' estimates for the month ranged between a deficit of 1.2 billion dollars and a surplus of $300 million.

The survey showed the end-2020 current account balance is expected to show a deficit of 34.5 billion dollars. (VK)