Trade Deficit to a record high
Trade Deficit to a record high
Official figures released by the Turkey’s Statistical Institute (TÜÝK) revealed that the country’s trade deficit has widened to a record level in September compared with last year.
High current trade deficit combined with a low domestic savings ratio in the growing economy is a source of concern especially about the country’s dependency on import products and booming demand.
The trade deficit was $10.4 billion in September, the biggest gap recorded, compared with $6.7 billion on September last year and $8.2 billion the previous month, said TÜÝK.
High current trade deficit combined with a low domestic savings ratio in the growing economy is a source of concern especially about the country’s dependency on import products and booming demand.
The trade deficit was $10.4 billion in September, the biggest gap recorded, compared with $6.7 billion on September last year and $8.2 billion the previous month, said TÜÝK.
