Turkey: Central Bank’s projection for end 2011 USD 72,6 billion

The Central Bank of Turkey projected on Thursday the year-end current account deficit around 72.6 billion USD.

The bank released its first survey of expectations in October, and said the current account deficit expectation was down to 72.6 billion USD from 73.07 billion USD.

The year-end inflation expectation rose to 8.01 percent which had been 7.46 percent in the first term survey of October.
Year-end annual gross domestic product projection, which had been 6.4 percent in the first term survey, rose to 6.7 percent in the second term survey.

Also, the bank projected the year-end USD currency around 1.81 Turkish liras (TL).

20 October 2011

SOURCE: CUMHURIYET.COM.TR