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June 22, 2010 -

The Turkish Newsletter June 22th, 2010

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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.
  • The Turkish Newsletter June 22th, 2010 (PDF) (116 ko)