Central bank forecasts USD 75,1 bln year-end current account deficit

Year-end current account deficit expectation up to 75.1 bln USD

The year-end current account deficit projection was up to 75.1 billion USD, according to expectation survey of the Central Bank of Turkey. The bank made public the results of its first expectation survey in December 2011 and said the year-end current account deficit forecast rose to 75.1 billion USD.
It was around 74.5 billion USD in the previous survey.

The year-end inflation projection increased to 10.25 percent from 9.22 percent, while the year-end growth rate expectation was up to 7.1 percent from 7 percent.

According to the survey, the year-end USD expectation climbed to 1.8200 from 1.8000 Turkish liras (TL).

7 December 2011
SOURCE: CUMHURIYET ENGLISH