Turkey's current account deficit 6.9%, says Morgan Stanley

ISTANBUL, JUNE 29 - Morgan Stanley dropped its expectation for Turkey's current account deficit in 2012 to 6.9% as Anatolia news agency reports. The expectation for 2013 was as well decreased to 6.5%. Morgan Stanley's prediction for Turkey's current account deficit in 2012 had been 7.5%, and it revised the expectation as 6.9% for 2012, and as 6.5% for 2013.

The company as well stated that Turkey's credit rating could be increased, if the country pursued a sound fiscal performance and sustained a financial balance. Morgan Stanley as well predicted that Turkey's rate of inflation in June would decrease 0.4% when compared to May due to reducing oil prices and demands. Morgan Stanley is a leading world financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

The firm's employees serve clients worldwide including corporations, governments, institutions and individuals from additional than 1,300 offices in 43 nations.