Turkey’s current account deficit narrowed in dollar terms in June, but only because imports dropped by more than exports. Moreover, the financing of the deficit remains a source of vulnerability. Elsewhere, although inflation in Hungary came in at a weaker-than-expected 0.4% y/y last month, we doubt this will have any impact onthe outlook for monetary policy.
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