Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Turkey ran up a huge deficit on its external accounts last year, data showed Thursday, highlighting a critical weak point for the damaged economy and devalued lira.Hit recently by a currency crisis, the country's deficit – a key weak spot – showed an increase of $16.507 billion compared to the outcome at the same time last year, soaring to $65 billion (47 billion euros)."We expect the substantial currency depreciation after December to lead to a considerable reduction in the external deficit in the forthcoming months," he said.He estimated that the current account deficit, which reached almost 8 percent of gross domestic product in 2013, would fall to 6 percent of GDP at the end of 2014 .
FOLLOW THIS ARTICLE