Turkey current account in April sees 2.74-bln-USD deficit: central bank

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Turkey current account in April sees 2.74-bln-USD deficit: central bank

STORY: Turkey current account in April sees 2.74-bln-USD deficit: central bank DATELINE: June 14, 2022 LENGTH: 00:01:14 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkey's central bank 2. various of Lira and the U.S. dollars 3. various of port, trucks and airport STORYLINE: Turkey's current account balance posted a deficit of 2.74 billion U.S. dollars in April, pushing the 12-month rolling deficit to 25.7 billion dollars, the Turkish central bank said Monday. Analysts attributed the continued deficit increase to the global uptrend in energy prices as a great proportion of energy consumed in the Turkish market is imported. According to the Turkish central bank, the hikes in energy prices have raised Turkey's 12-month rolling foreign trade deficit to 4.43 billion dollars in April. Thanks to the growth in services and other sectors, April's current account deficit was down from the 5.55-billion-dollar deficit in March. Excluding gold and the energy trade, the current account ba

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