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Turkey's current account deficit increased in March from a year ago, data from the Central Bank of the Republic of Turkey showed Monday.
The current account deficit rose to $4.8 billion in March from $3.1 billion in the corresponding month last year. In February, the shortfall was $4.5 billion.
This development in the current account was mainly attributable to $1.6 billion increase in the goods deficit recording net outflow of $4.6 billion and $240 million increase in primary income deficit to $1.3 billion.
