Turkey Central Bank Survey Sees End-2010 Cpı +8.15%
The annual rate of inflation in Turkey is predicted to come in at 8.15% by the end of 2010, down from the previous estimate of 8.24%, a Turkish central bank survey showed Thursday.
The central bank's twice-monthly survey of business leaderseconomists also gave April's expected monthly inflation rate at 0.70%, slightly lower than the previous estimate of 0.71%.
Latest official data showed consumer prices rising 0.58% on the month in March, taking the annual inflation rate to 9.56%.
Turkish gross domestic product this year is expected to grow 4.4%, the survey showed, up from the previous forecast of a 4.3% rise.
In the fourth quarter, Turkish GDP grew an annual 6% after a 2.9% contraction in the third quarter.
The country's gross domestic product fell 4.7% in 2009.
The survey also showed that market participants expect the current account deficit to total $25.79 billion in 2010 against a previous forecast of $25.40 billion.
In 2009 as a whole, the current account deficit was $13.85 billion, narrower than a deficit of $41.95 billion the previous year.
The survey forecast that the Turkish lira will trade at TRY1.5466 against the dollar by the end of the year, compared with a previous forecast of TRY1.5583. It currently trades around TRY1.4880.
(SB-SB-ENG)