Turkey’s current account balance for January is expected to post a deficit of $1.7 billion, an Anadolu Agency survey found on Tuesday.

The forecast of a group of 12 economists range between $1.2 billion and $2.7 billion.

The Turkish Central Bank will release the balance of payments figures on Thursday.

The economists’ end-year expectation is a $24 billion deficit, ranging between $18 billion and $35 billion.

Turkey’s current account balance for last December was $3.21 billion, while end-2020 was a deficit of over $36.7 billion.

*Writing by Yunus Girgin in Ankara

Copyright 2022 Anadolu Agency. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.