Turkey’s current account deficit widened sharply at the end of last year, but the recent tightening of monetary policy means it could now start to narrow substantially. Elsewhere in the region, external shortfalls fell in 2013, which helps to explain why currencies – with the exception of the lira – have generally performed fairly well during the bouts of EM financial market turmoil over the past half a year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services