Minister ŞImşek's Noteworthy Message on Current Account Deficit Follows Export Record.
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Treasury and Finance Minister Mehmet Şimşek stated that despite rising imports due to commodity prices, the increase in the foreign trade deficit remained more limited than anticipated at the beginning of the US/Israel-Iran War.
Treasury and Finance Minister Mehmet Şimşek stated that exports increased by 15.4 percent in September, reaching $26 billion, and added that despite geopolitical tensions, they expect the current account deficit as a percentage of national income to remain at a manageable level of 2.6 percent.
Treasury and Finance Minister Mehmet Şimşek stated that despite rising imports due to commodity prices, the increase in the foreign trade deficit remained more limited than anticipated at the beginning of the US/Israel-Iran War, adding, "Thus, despite the effects of geopolitical tensions, we foresee that the current account deficit as a percentage of national income will remain at a manageable level of 2.6 percent."
Following record export figures in September, Treasury and Finance Minister Mehmet Şimşek made a statement. Noting that the increase in the foreign trade deficit remained more limited than anticipated at the beginning of the conflict, Minister Şimşek said, "Despite the effects of geopolitical tensions, we foresee the current account deficit as a percentage of national income remaining at a manageable level of 2.6 percent."
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