During the last two weeks, the Turkish economy was highlighted by the following items:
- Budget balance posted a surplus of TL5.8bn in May10. The 5M10 overall budget deficit reached TL9.9bn, down by 52%y/y.
- Central Gov’t Debt reached TL457.2bn in May10, up by 11%m/m and 1.9%y/y in real terms.
- Current Account deficit widened by US$4.4bn in April10.
- Unemployment rate decreased to 13.7% in March10, down by 70 bps compared to Feb10.