ANKARA: Turkey’s annual current account deficit narrowed to $3.7 billion in June, a fall of $1.2 billion year-on-year, the Central Bank said Friday. Considering June’s deficit data, the 12-month rolling deficit stands at $34.3 billion, the bank said. According to the Central Bank, deficit in the first half of the year was $20.77 billion.
The import-export balance of goods was reduced by $670 million in Turkey’s favor to $4.57 billion while the country’s income from services rose by $491 million to $1.68 billion. Economists estimate the current account deficit for the end of 2017 to be around $38.5 billion.