Turkey's foreign trade deficit decreased in April from a year ago as exports grew much faster than imports, the Turkish Statistical Institute reported Friday.The trade deficit narrowed to $8.5 billion in May from $12.1 billion in the same month last year. The shortfall totaled $11.2 billion in March.Excluding energy products and non-monetary gold, the foreign trade shortfall was $2.5 billion.Expor...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.