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Turkey Current Account Gap Narrows for 12th Month on Imports

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Turkey’s current-account deficit narrowed for the 12th straight month in October as slowing economic growth curbed demand for imported goods and gold sales to Iran and the U.A.E. boosted exports.

The gap shrank to $2 billion from $4.5 billion a year earlier, the central bank in Ankara said on its website today. It was forecast at $2 billion according to the median estimate of 11 economists surveyed by Bloomberg.