Macro Analysis /
Turkey

Turkey: Current account gap narrows by 65.7% y/y to USD 683mn in July

    EmergingMarketWatch
    13 September 2021
    • Foreign tourism recovery drives CA deficit down y/y
    • Official reserve assets rise by USD 6.7bn as financial and unregistered inflows increase
    • Annualised CA deficit eases to USD 27.8bn, government expects downward adjustment to continue in rest of year