Mehmet Şimşek expect trade deficit to fall

Minister Şimşek shared details about the foreign trade data for July on his social media account, emphasizing the noticeable balance in foreign trade. He stated:

"In July, the annual foreign trade balance improved by $5.3 billion compared to the previous month and by $38.8 billion compared to the same month last year. We expect a significant decrease in the annual current account deficit in July. By combining structural reforms with cyclical factors, we aim to make the sustainable current account deficit and our gains in reserves permanent."