"We did not have any problems financing the current deficit in the past and we will have no such issue in doing it in the future," Babacan told a televised interview on Bloomberg TV in Turkey.
Turkey's current accounts deficit was up 100.7 percent between January and September this year over the same period a year earlier to reach 60.6 billion USD. According to the Central Bank estimations, the figure is expected to climb up to some 70 billion USD by year-end.
Babacan said year-end inflation rate was expected to come much closer to target as estimated not only by the government and the Central Bank but by the markets as well.
The Turkish deputy premier said Turkey would grow rapidly than European average level, adding that adverse effects of a possible turndown in the euro zone could reach Turkey through the channel of commerce.
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Source : en.cumhuriyet.com
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