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TURKEY: Current Account in Surplus for Fifth Consecutive Month

TURKEY
  • Turkey recorded a surplus of $1.88bn in its current account in October (Est: +$1.30bn; Prior: +3.01bn), marking the fifth straight months of surplus. Travel income amounted to more than $5bn over the month, contributing to the bulk of the surplus in services, while a deficit of around $3.5bn was recorded in goods trade.
  • The US continues to engage with Turkey regarding the situation in Syria following the fall of the Bashar al-Assad regime, the Pentagon said on Wednesday as per Hurriyet. US Secretary of State Antony Blinken is scheduled to arrive in Ankara on Friday to meet with Turkish Foreign Minister Hakan Fidan for discussions centered on post-Assad Syria.
  • The chairman of business lobby Tusiad, Orhan Turan, said Turkey’s public institutions should join the fight against inflation, and that tight monetary policy should continue.

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