Turkey's current account balance shifted to a deficit in November, ending a five-month surplus.

Turkey's current account balance shifted from a surplus of $1.88 billion in October to a deficit of $2.87 billion in November 2024, ending a five-month surplus. This change, attributed partly to the central bank's tight monetary policy, has economists expecting the deficit to fall in 2024. Expert Dr. Ferhat Pehlivanoğlu warns of the need for structural reforms, including reducing energy import dependence and boosting domestic investment and tourism.

2 months ago
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