Turkey’s current account gap widens as lira under pressure

Turkey’s current account deficit increased 54 percent year on year in March, growing to $4.81 billion, the Turkish news source Ahval reports. Meanwhile, Ankara’s 12-month deficit increased to $55.38 billion, or 6.2 percent of economic output. Turkey’s current account gap has widened as the lira has tumbled and inflation has remained around double digits.

 

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