Turkish Current Account Deficit Widens In March

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Turkey’s current account deficit widened in March, data from the central bank showed on Tuesday.

The current account deficit increased to $3.33 billion in March from $2.59 billion in February. Economists had forecast a deficit of $3.80 billion.

The goods trade deficit decreased to $2.96 billion in March, while the services surplus rose to $767.00 million.

The primary income account posted a net outflow of $1.18 million in March, while the secondary income account surplus was $47.00 million.

The capital account deficit was $2.00 million in March. The financial account registered a surplus of $4.39 billion.

The material has been provided by InstaForex Company – www.instaforex.com

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