Turkey’s current account remains in deficit

The reason is the global increase in energy prices

Turkey’s current account sequentially 10It has been in deficit for the past month.

It is reported that the reason is the global increase in energy prices in the world. It is also reported that this has hit the country’s trade balance.

Bloomberg writes that the deficit for the first eight months of this year is 39.7 billion reached the dollar.

Turkey According to the information of the Central Bank, last August 1.1 billion there was a dollar surplus. It is 3.1 in 2022 billion reached the dollar.

Turkey’s tourism revenue is 5.1 billion dollars has been And services gave a positive balance of 7.2 billion dollars.

According to another information, the annual flow of foreign tourists to Turkey was 58 percent higher in August.

The country’s resources 10increased to 8 billion dollars.

As for portfolio investments, 812 million USA recorded income in the amount of dollars.

Deficit in commodity trade is 9.7 billion dollars has been

October 20The central bank of the country will hold the next interest rate meeting. A week after that, the country’s conclusion for 2022 inflation report will be published.

According to Turkey’s medium-term program published in September, Russia to Ukraine in February military After the intervention, there was an increase in energy prices in the country. This suggests that the foreign trade deficit will reach 105 billion dollars this year.

Turkey’s current account deficit was 6.47 billion in May dollars organized.

According to official information released in June, in Turkey inflation It reached 80 percent.

This is considered the highest indicator of the last 24 years.

Turkey’s Statistical Office announced that the annual prices it rose from 73.5 percent to 78.6 percent in June.

Independent experts in fact the official figures are not true, real inflation they think that the percentage is at least 2 times higher than the declared one.

In the forecast released by the World Bank in June 2022, it was noted that UkrainePoland, Russia, Turkey and the GDP for the region, which includes the surrounding countries, could decrease by 2.9 percent.

Bank Turkey predicted that its economy will grow by 4.7 percent in 2022.

And in June bank announced that this growth will be 2.3 percent.

As for 2023, according to the World Bank report, Turkey’s economy is expected to grow by 2.7 percent next year.