Turkey: Current account deficit remains the Achilles heel

6/16/2014 - Report
ic_blogtagTurkeyBusiness ClimateCountry RiskGrowthTrade
Growth resilient in 2013 but forecast to moderate in 2014.

Unorthodox monetary policy finally replaced by conventional measures.

Exchange rate risk remains a concern. Adequate fiscal position.

Current account deficit is narrowing slightly but the financing of the

deficit remains a cause of concern. Rapidly rising short-term external debt poses

risks and requires close monitoring. Foreign exchange reserves appear adequate.

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Turkey: Current account deficit remains the Achilles heel - Report