ISTANBUL Aug 13 The Turkish economy is
continuing to go through a soft-landing process, Finance
Minister Mehmet Simsek said on Monday after the release of
current account data for June.
The current account deficit stood at an annualised $63.5
billion in June, down from a peak of $78.5 billion in October
2011 and below a year-end target of $65 billion, Simsek told
Reuters in emailed comments.
Simsek added that positive developments in the financing of
the current account deficit were also continuing with increased
foreign direct investments and long term loans.
(Reporting by Orhan Coskun, Writing by Ece Toksabay)