Economy of Algeria

According to the provisional data, produced with the cooperation of the Turkish Statistical Institute (TÜİK) and the Trade Ministry, Türkiye's exports in July were $18.5 billion with a 13.4 percent increase and imports were $29.2 billion with a 41.4 percent increase compared to July 2021.

February witnessed a reversal of the negative trend in exports that had been recorded in January: Data released by the Hellenic Statistical Authority (ELSTAT) on Friday revealed a 9.3 percent annual increase in exports in February to 2.42 billion euros, following a 1.5 percent year-on-year drop in January.

Turkey's foreign trade gap widened to $5.8 billion in March by a nearly 28 percent year-on-year increase, mainly driven by energy imports, preliminary data from the Customs and Trade Ministry has shown. 

Thanks to the continued fiscal adjustment, Serbia is now running a significant fiscal surplus, the World Bank has said it a new report.

However, said the October 2017 Europe and Central Asia Economic Update Report, growth is slowing down in 2017, mainly due to unfavorable weather conditions - severe winter and a long drought - and a slowdown in investment.

Turkey's foreign trade deficit has narrowed in June year-on-year, the Turkish Statistical Institute (TÜİK) said on July 31.

"In June 2017, the foreign trade deficit was 6.01 billion dollars with a 9.1 percent decrease compared to June 2016," TÜİK stated.

Turkey's foreign trade deficit hit $7.3 billion in May with a nearly 43 percent year-on-year increase, official data showed on June 30. 

Turkey's foreign trade deficit soared 49.5 percent in May due to a sharp increase in gold imports despite robust car exports, preliminary data from the Customs and Trade Ministry showed on June 2. 

The trade deficit rose to $7.65 billion in May, according to the ministry's data, which was compiled by Reuters. 

Turkey's foreign trade deficit rose to 4.95 billion in April with a 16.7 percent year-on-year increase, official data showed on May 31. 

While the country's imports surged 9.9 percent year-on-year to $17.7 billion, exports rose 7.4 percent to $12.8 billion, according to data from the Turkish Statistics Institute (TÜİK). 

Economic growth in Greece will reach 2.2 percent in 2017 and increase to 2.7 percent in 2018, the International Monetary Fund said in its World Economic Outlook report, presented on Tuesday by the Fund’s chief economist Maurice Obstfeld.

The World Bank has revised its growth forecast for Turkey in 2016 to 2.1 percent from 3.1 percent, the bank said in its economic report for Turkey on Feb. 2.

The bank said it reviewed the forecast "because recovery in the fourth quarter was weaker than envisaged," while adding that net exports would help the country's growth rate recover in 2017.