European Economic News

Turkey's Current Account Gap Narrows In February

Turkey's current account deficit narrowed less than expected in February, data released by the central bank showed Thursday.

The deficit fell to $5.13 billion in February from $5.8 billion in January. Economists expected the deficit to fall to $5 billion.

The balance on goods showed a smaller deficit of $5.57 billion compared to $5.9 billion in January. The deficit on goods and services account also declined to $4.9 billion.

Current transfers recorded a surplus of $198 million in February compared to $74 million surplus in the previous month.

by RTTNews Staff Writer

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