Fears that the Turkish economy is overheating rose with the release of data showing the current account deficit widened by 86% y/y to $4.2bn in November, against market expectations for $3.9bn.
The central bank has already raised the monetary policy interest rate in early January, and further hikes are expected this year.
Industrial production is on track to hit the highest level in the past decade in 2017, driven by a robust performance in the electrical equipment and auto manufacturing segments.
Latest data also show total equities inflow in 2017 topped $3.34bn.
Total EM portfolio inflows since the start of the year amounted to some $7bn.
Higher imports from EU countries resulted in a modest trade deficit in November, despite a strong y/y rise in exports during the month.
Turkey’s calendar-adjusted industrial production index moves up 7% y/y in November, representing weaker output growth compared to October when a 7.4% y/y rise was recorded.
Turkey’s cash budget ran a deficit of TRY21bn (€5.6bn) in December, representing a significant 158% y/y increase compared to the TRY8bn recorded in December 2016.
Retail sales continue steady rise with 5.7% y/y growth in November despite crisis at retail giant and major employer Agrokor.
Data shows Slovenia spent 16.7% of GDP on social protection in 2016 with ageing population a key concern.