Turkey to post $39B current account deficit: Survey
Current account gap projections for 2020 range between $37.8B and $41.3B in Anadolu Agency survey
Turkey’s current account balance is expected to post an annual deficit of $39 billion, according to an Anadolu Agency survey on Friday.
The estimates of a group of 13 economists range between $37.8 billion and $41.3 billion.
The Turkish Central Bank will release the balance of payments figures next Friday.
The survey predicted the current account balance will also show a deficit of $3.6 billion in December, with estimates ranging between $2.8 billion and $6 billion.
In November, the current account posted a $4.63 billion deficit.
Their end-2021 expectation is a deficit of $24.2 billion.
According to another survey on Friday, Turkey's calendar-adjusted industrial production index for December is expected to rise by 8.8% on a yearly basis.
The estimates of a group of eight economists ranged between 6.5% and 11.5%.
Meanwhile, the experts estimated that the unadjusted industrial production index for December would increase by 9.2% year-on-year.
In November, the adjusted and unadjusted industrial production indices were up 11% and 1.3%, respectively.
The term "calendar-adjusted" is used to refer to data where calendar and holiday-originated effects are removed.
The Turkish Statistical Institute is due to release official figures next Friday.
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