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Turkey's 2015 exports below level in dollar terms
(MENAFN) According to Turkey's Economy Minister, the country's exports in 2015 may be below last year's level in dollar terms even if the overall volume is larger, Arab News reported.
Meanwhile, current account deficit narrowed less than expected in April, underscoring its vulnerability to a US rate increase and providing another concern for investors already worried by political crises.
However, the overall picture of economy and the lira remains grim, which is likely to prompt investors to divert more money from Turkey and other fragile emerging markets into the US.
"There is a risk that 2015 Turkish exports will be lower than 2014 levels in dollar terms, even though in quantity terms we could export more than last year," the minister said in a statement.
Meanwhile, current account deficit narrowed less than expected in April, underscoring its vulnerability to a US rate increase and providing another concern for investors already worried by political crises.
However, the overall picture of economy and the lira remains grim, which is likely to prompt investors to divert more money from Turkey and other fragile emerging markets into the US.
"There is a risk that 2015 Turkish exports will be lower than 2014 levels in dollar terms, even though in quantity terms we could export more than last year," the minister said in a statement.
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