Turkey recorded a $566m current account surplus in July, driven by tourism, despite inflation and lira challenges.
Turkey recorded a current account surplus of $566 million in July, marking its second consecutive month of positive balance, up from $330 million in June and a $5.3 billion deficit last year. The surplus is largely driven by a robust summer tourism season, with over 7.3 million visitors, which helped offset a $5.2 billion goods deficit. Despite improvements, the economy faces challenges from inflation and a weakened lira, indicating a gradual recovery ahead.
September 12, 2024
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