Turkey’s Record Current-Account Gap Piles Pressure on Simsek
- Deficit in April was worse than expected, reserves dropped
- Erdogan has appointed investor-friendly finance minister
A mural of Turkish President Recep Erdogan in Bursa, Turkey.
Photographer: Moe Zoyari/BloombergThis article is for subscribers only.
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Turkey’s current-account gap unexpectedly widened in April, adding to a record deficit and underscoring the challenge facing President Recep Tayyip Erdogan and new Finance Minister Mehmet Simsek after last month’s elections.