Turkey’s current account balance surged to $5.4 billion, significantly higher than the previous $1.7 billion, marking an increase of $3.7 billion. This substantial rise indicates a strong improvement in the country’s external financial position.
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The actual figure of $5.4 billion also exceeded analyst estimates of $5.3 billion. This positive surprise is likely to bolster investor sentiment, particularly benefiting sectors tied to exports and foreign trade. The market impact is expected to be short-term, driven by improved sentiment, as the data suggests a robust external sector performance.