The current account deficit in Turkey widened in December from a month earlier, reflecting a further increase in electricity bills and declining tourism revenues, according to the Turkish Central Bank.
The current account deficit recorded a deficit of $ 3.84 billion in December, with the figure for the year reaching $ 14.88 billion.
In the corresponding month of 2020 the amount amounted to 3.44 billion dollars, while for November the amount was revised to 2.28 billion dollars.
The trade in goods recorded a widening deficit in December compared to the previous month as imports increased more than exports.
The vertical fall of the pound has led to an increase in the cost of energy imports.
The services sector contracted with a surplus in December, with tourism revenues declining in November.
Source: Capital
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