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Turkey's Current Account Deficit Down |
11 July 2012Turkey's current account deficit went down 9.9 billion USD to 27.5 billion USD in the first five months of 2012 compared to the same period of last year.
According to a statement released from the Turkish Central Bank on Wednesday, between January-May 2012 the foreign trade shrunk 8.3 billion USD to 28.9 billion USD, the net income from services increased 879 million USD to 4.5 billion USD and the net expenditure dropped 750 million USD to 3.2 billion USD.
Tourism revenue under the title of services balance decreased 341 million to 5.9 billion USD and tourism expenditure shrunk 554 million USD to 1.5 billion USD in the first months of this year comparing to the same period of 2011. |
11 July 2012
Anadolu Agency
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