Economists expect $2B current account surplus in Turkey
The Turkish Central Bank is set to announce the country's current account balance for September (2019) on Nov. 12.
The estimates of a group of 14 economists range between $1.7 billion and $2.4 billion.
The end-2019 current account balance is forecast to register a surplus of $200 million.
Turkey's current account balance in August (2019) saw a surplus of $2.6 billion, up $554 million year-on-year.
The country's new economic program, unveiled in September (2019), forecast a current-account-surplus-to-GDP ratio of 0.1 percent for 2019.
In 2018, the current account balance posted a deficit of around $27.6 billion, improving from a nearly $47.5 billion deficit the previous (2018) year.
The figure was the lowest since 2009, while Turkey’s highest annual current account deficit over the last decade was seen in 2011, with $74.4 billion.