Turkey’s balance of payments data for August were, on the face of it, encouraging as the current account deficit fell to its lowest monthly level since 2009. But it’s worth noting that the decline in the external shortfall was driven by a drop in imports, which may reflect weakening domestic demand. And exports performed poorly.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services