Macro and Politics
Tacirler Investment
*The CBT will release August Balance of Payment figures today @10:00 local time. We expect the current account to post a surplus of USD4.4bn in August. Our projections point to a narrowing in the balance of payments-defined foreign trade deficit to USD2bn, with net travel revenues exceeding USD7bn and the services surplus reaching around USD9.5bn. We maintain our year-end current account deficit forecast at USD54bn, equivalent to 3% of GDP.