Turkey’s current Account deficit reaches $5.15 billion in February
Apr 12, 2022
Turkey’s current account registered a deficit of $5.15 billion in February, more than double the amount in the same month last year, data from the central bank showed on Monday, as the soaring cost of energy imports widens the shortfall.
The trade deficit component of the current account stood at $6 billion, up $3.9 billion from February 2021.
A current account surplus is now almost certainly out of reach this year, with the median estimate in the latest Reuters poll predicting a deficit $38.25 billion for 2022.
The 12-month cumulative deficit now stands at $21.85 billion, central bank data also showed.
