Turkey's Current-Account Deficit Narrows at Slower Pace on Oil

  • Impact of cheaper crude prices faded at end of last year
  • 2015 gap was $32.19 billion, down from $43.55 billion in 2014

Turkey’s current-account gap narrowed at a slower pace in December than in the previous two months as the impact of lower oil prices diminished at the end of last year. The lira weakened.

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