Economists expect the Turkish economy to run a current account surplus of $1.1 billion in July, according to an Anadolu Agency survey on Wednesday.
{"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-0…","video_id":"0cf6b6cf-cbf9-4392-9dff-c7b7419d3496","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Why did the US and China start a war over 5G?"}
A group of 14 economists' estimates for the month ranged between a surplus of $160 million and $1.5 billion.
The Turkish Central Bank will release the monthly balance of payments figures on Friday, Sept. 13.
This June, the current account posted a $548 million deficit, while in the first half of 2019 the deficit totaled $3.26 billion.
Meanwhile, the survey showed the end-2019 current account balance is forecast to see a deficit of $4.5 billion, with the lowest estimate at $2 billion, and the highest at $9 billion.
Last year, the current account balance posted a deficit of around $27.6 billion, improving from a nearly $47.5 billion deficit in 2017.
Turkey's new economic program, announced in September 2018, targets a current-account-deficit-to-GDP ratio this year of 3.3%.