Macro Analysis /

Turkey: CA deficit almost doubles y/y to USD 2.6bn in February

    12 April 2021
    • Net surplus from services plunges by 66.6% y/y, goods trade deficit widens by 6.3% y/y
    • Unregistered inflows main source of CA deficit financing in February
    • Jan-Feb deficit rises by 29.8% y/y to USD 4.4bn, downward adjustment likely in short run