World Bulletin / News Desk
Morgan Stanley dropped its expectation for Turkey's current account deficit in 2012 to 6.9 percent.
The expectation for 2013 was also decreased to 6.5 percent.
Morgan Stanley's prediction for Turkey's current account deficit in 2012 had been 7.5 percent, and it revised the expectation as 6.9 percent for 2012, and as 6.5 percent for 2013.
The company also stated that Turkey's credit rating could be increased, if the country pursued a sound fiscal performance and sustained a financial balance.
Morgan Stanley also predicted that Turkey's rate of inflation in June would decrease 0.4 percent when compared to May due to reducing oil prices and demands.
Morgan Stanley is a leading global 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 more than 1,300 offices in 43 countries.
The blogger, writer and human rights activist began a hunger strike last week after claiming he had no access to a lawyer and had been "interrogated" on the content of his research.
Turkish foreign minister says Russian nationals will be able to stay in Turkey up to 90 days
At least four killed after strong winds hit several provinces across the country
Ex-diplomat Philippe Moreau Defarges makes controversial comment on French TV about assassination of Turkish president
People from all over Turkey and major cities of the world celebrate the special day; PM Yildirim visits Ataturk's mausoleum
Counter-terrorism operations in Sirnak province continue
Controversy casts doubt on the objectivity of OSCE after its members were accused of spying and supporting PKK
Turkish military also seizes several explosives, guns and artillery; 1 PKK collaborator captured
If EU does not accept new proposal, refugee deal to come to a standstill, EU Affairs Minister Omer Celik says
According to preliminary reports, an assailant has been killed in the blast in Suruc, Sanliurfa province
Analysts say passing of constitutional referendum should see near-term improvement in currency
Total number of returned refugees under Turkey-EU deal reaches 1,074
Thursday evening's shooting left one police officer dead and two others wounded
Weekly military operations report says 5 soldiers killed
Vladimir Putin, Recep Tayyip Erdogan will discuss situation in Syria, Kremlin spokesman says
March figures from Turkish Union of Chambers and Commodity Exchanges show yearly drop in new firms