The drivers of Turkey’s widening current account deficit

The deterioration in Turkey’s current account position since mid-2017 has been driven by a surge in gold imports, a rising energy import bill and strong domestic demand feeding through into imports of other goods. But with capital inflows now slowing, the current account deficit will have to narrow via weaker domestic demand. Economic growth looks set to slow sharply.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.