Money

Turkey to post $1.2B current account surplus: Survey

Anadolu Agency survey finds 2019 surplus estimates vary between $0.8B and $1.7B

Turkey’s current account balance is projected to post a $1.2 billion surplus in 2019, an Anadolu Agency survey found Wednesday.

The central bank is set Friday to announce the current account balance for 2019 and estimates from a group of 12 economists range between $800 million and $1.7 billion.

December’s current account balance is forecast to register a deficit of $3 billion. Estimates hover between $2.6 billion and $3.3 billion.

Turkey’s current account balance in November 2019 saw a deficit of $518 million while it posted a deficit of $27.6 billion in 2018.

The country’s new economic program, unveiled in September, forecast a current-account-surplus-to-GDP ratio of 0.1% for 2019.

Source
Anadolu Agency
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