Turkish economy minister sees 2013 c/a deficit below $60 bln
ISTANBUL, Sept 10
ISTANBUL, Sept 10 (Reuters) - Turkey's Economy Minister Zafer Caglayan said on Tuesday he expects the current account deficit to remain below $60 billion this year.
Speaking at a conference in Istanbul, the minister said he sees a lower current account deficit in the second half compared with the first half of the year.
In the first half, the deficit widened to $35.920 billion from $30.03 billion a year earlier.
Turkey's central bank will announce the July current account balance on Sept. 12.
The current account gap fell to $48.9 billion in 2012 from $77.2 billion a year earlier, narrowing sharply in line with a rapid slowdown in the economy.
Turkey is dependent on foreign inflows to finance its current account deficit - at 7.1 percent of GDP, one of its main economic weakness. Uncertainty over the U.S. Federal Reserve's bond-buying programme has left it particularly vulnerable. (Reporting by Seda Sezer)
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