Turkish February current account deficit to narrow

Turkey's current account deficit in February is to narrow by over 15 percent from a year earlier, a group of leading economists forecast on Tuesday.
A panel of 13 experts surveyed by The Anadolu Agency predicted a $2.7 billion deficit for February 2015, down $0.5 billion from the same month in the previous year.
Turkey's Central Bank will release the official figures on Friday.
The highest prediction by experts was $3.7 billion, and the lowest estimate stood at $1.7 billion, making the average at $2.7 billion.
The experts forecast Turkey’s year-end current account deficit to stand at $37.3 billion.
Turkey’s annual current account deficit last year was 45.7 billion.
Declining oil prices are expected to help Turkey further reduce its current account deficit by a wide margin, as the country is largely dependent on oil imports for its energy needs.