Turkey Current Account Swings To Deficit In August

Turkey's current account turned to a deficit in August from a surplus in the previous year, data from the central bank showed on Tuesday.The current account balance showed a deficit of $3.112 billion in August versus a surplus of $1.075 billion in the corresponding month last year. The 12-month rolling deficit rose to $40.9 billion from $36.7 billion in July, which represented 5.1 percent of GDP, and was the highest since the 2018 financial... + full article