By Joshua KirbyTurkey's current-account deficit widened again, highlighting the continued economic challenges facing the Middle Eastern nation. The country's balance of payments, which gauges the gap between inflows and outflows, showed a deficit of $5.29 billion in April, widening from $4.43 billion in March, figures from the Turkish central bank showed Monday. It continues a trend of steadily wider deficits beginning from the end of last year, after a tourism boom briefly helped Turkey record rare surpluses in its current account. The bank nevertheless still expects inflation to ease considerably by the end of the year, and economists suggest price rises might indeed have reached a peak. Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby(END) Dow Jones NewswiresJune 10, 2024 03:30 ET (07:30 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal June 10, 2024 07:51 UTC