Skip to content

Turkish Market News

Independent source for market news from Turkey

  • Macro View
  • Equities
  • Politics
  • About & Contact

Turkey Current Accout Deficit Widens in September

September’s current account deficit surprised the market to the upside at $3.28bn; the 12-month rolling current account deficit is likely to continue to widen. With this outcome, the gap in the first nine months of the year becomes $49bn, which compares unfavorably with the deficit seen in the same period of 2012 ($38bn). Market consensus error was due to higher than expected gold imports.

Turkey Current Account Deficit

Turkey - Current Account Balance & GDP Growth

Turkey - Share of financing tools in total CAD2

There are some developments are worth noting on the capital account front. FDI inflows are still weak while portfolio inflows are losing momentum.

Stable oil prices and the recent momentum in GDP growth may negatively effect the gap, cause it to widen, and become more worrisome for the outlook of the economy, following the re-balancing of last year. On the other hand, recent developments on the inflation front suggest a permanent deterioration in prices stability. A rise in money markets rates is very likely in the case of capital inflows.

To sum up with, this thing looks ugly.

Author Self Made TrillionairePosted on November 13, 2013November 13, 2013Categories Macro ViewTags Capital Flows, Current Account Deficit, Foreign Direct Investment, GDP Growth, Inflation, Money Markets, Oil Prices, Portfolio Investments

Post navigation

Previous Previous post: Trend of Deposit Does Not Look Pretty
Next Next post: Economic Growth Fails to Create Jobs

Newsletter

Archieve

Disclaimer

Nothing contained anywhere on this site constitutes or should be construed as investing or financial advice, suggestion, or recommendation. Please consult a financial professional and do due diligence before engaging in any purchase or sale of securities and other assets.

About

TurkishMarketNews.Com is platform for providing financial, economic and politic data with a neutral point of view on mainly Turkey, and on emerging markets as we aim to be an alternative to mainstream media.

Contact

Feel free to contact us if you wish to discuss any matter by writing to oguz (at) turkishmarketnews (dot) com.

  • Macro View
  • Equities
  • Politics
  • About & Contact
Turkish Market News About & Contact Proudly powered by WordPress