Türkiye's annual current account deficit reaches 4-year peak

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Türkiye's annual current account deficit reaches 4-year peak

STORY: Türkiye's annual current account deficit reaches 4-year peak DATELINE: Oct. 12, 2022 LENGTH: 00:01:21 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish central bank 2. various of counting money 3. various of port and cargo STORYLINE: Türkiye's current account registered a deficit of 3.11 billion U.S. dollars in August, bringing its annual current account deficit to more than 40.88 billion dollars, a record high since 2018, showed the latest central bank statistics on Tuesday. The development stems from the "rising of good's deficit to 9.7 billion dollars, increasing by 6.81 billion dollars compared to the same month of the previous year," the Turkish central bank said on its website. Statistics published previously by the Turkish Statistical Institute showed the foreign trade deficit, seen as a big component of the current account deficit, increased by 159.9 percent to 11.19 billion dollars in August year-on-year, mainly due to Türkiye's soaring energy import bill. The official M

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