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BGC Partners: Turkey produced a C/A deficit of US$0.7bn in February 2019, broadly in line with expectations…
Current account balance in February produced a deficit of US$0.7bn, which was broadly in line with expectations. This is a pretty small deficit for February, considering the seasonal rise in energy consumption and decline in tourism income. With the February data, we see that Turkey’s 12-month rolling C/A deficit improved from US$20.8bn in January to US$17.0bn in February, or to below 2.5% of GDP.
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BGC Partners
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
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