Şimşek: The current account deficit will fall back to pre-war levels in 2027
Original headlineŞimşek: 2027'de cari açık savaş öncesi seviyesine gerileyecek
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Turkish Treasury and Finance Minister Mehmet Şimşek said the current-account deficit as a share of national income is expected to fall to its pre-war level by 2027, despite multiple shocks in 2026 that left the economic program only modestly off target. He credited the monetary and fiscal policy space built up for enabling rapid responses to global shocks. The projection matters because it signals Ankara expects external-balance strains to ease without abandoning its disinflation and fiscal consolidation path. Investors will watch the 2026 current-account ratio and the pace of reserve accumulation for confirmation that the 2027 target remains credible.
Muhabbit's AI wrote this summary in its own words from Dünya's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
Mehmet Şimşek, Turkey, Hazine ve Maliye Bakanlığı