(MENAFN) Türkiye is expected to report a current account surplus of US$2.72 billion for September, according to an Anadolu survey. Estimates by a panel of 10 economists ranged from a surplus of $800 million to $3.3 billion. This follows a surplus of $4.3 billion in August, indicating a slight decline in the balance of payments for September.

Central Turkey banking will publish official balance of payments data on Tuesday, providing a clearer picture of Turkey’s external accounts. The data will provide insight into how the country’s trade balance and financial flows have evolved during the month, particularly in light of recent economic policies and global market trends.

While September’s surplus suggests positive trends for the country’s external balance in the near term, the overall outlook for 2024 remains more challenging. Economists predict that Turkey will run a significant current account deficit by the end of the year, with estimates ranging from $6 billion to $17 billion. The expected deficit stands at $11.87 billion, reflecting concerns over rising imports and other external financial pressures.

These forecasts underscore the ongoing challenges Türkiye faces in managing trade and capital flows. The projected deficit for 2024 highlights the need for continued economic reforms and strategic policies to maintain stability and sustainable growth, particularly in terms of foreign exchange reserves and external debt management.