Turkey's current account posts a deficit of 45 mln USD

ANKARA (A.A) – August 11, 2011 - Turkey's current account posted a net deficit of 45.008 million USD in the first half of 2011, increasing 122.9 percent, when compared to the same period of 2010.
Central Bank stated on Thursday that current account deficit increased 24.7 billion USD in January-June period of 2011 when compared to the same period of 2010.
Current account deficit was 20.2 billion USD in the first half of 2010.
Current account, which posted a deficit of 3.4 billion USD in June 2010, posted 7.5 billion USD of deficit in June 2011.
Foreign trade deficit increased 25.4 billion USD to 46.4 billion USD which caused the rise in current account deficit.
Recently, Central Bank Governor Erdem Basci said that they were expecting current account deficit to drop as of July, and remain on 25-27.5 billion USD in the second half of 2011.
Basci said that they predicted current account deficit to be 70-72.5 billion USD for the whole year.
According to the first survey of expectations of Central Bank, year-end current account deficit will be 70.7 billion USD.