Turkey's July current account deficit $5.3B: Survey

By Gokhan Ergocun

ANKARA

Turkey's current account deficit for July is expected to stand at $5.27 billion, according to a group of economists polled by Anadolu Agency on Thursday.

The 14 experts' estimates for the month ranged from $2.9 billion to $6.2 billion.

The economists also forecast that Turkey's year-end current account deficit will reach $37.7 billion -- with the highest forecast at $39 billion and the lowest at $36.6 billion.

The current account deficit in June was $3.76 billion, while the 12-month figure stood at $34.34 billion.

The Central Bank of the Republic of Turkey is due to release official figures for July on Friday.