Ekonomik b\u00fcy\u00fcmenin yava\u015flamas\u0131yla beraber cari i\u015flemler a\u00e7\u0131\u011f\u0131 azalma e\u011filimine girdi. Ocak-nisan d\u00f6neminde cari i\u015flemler a\u00e7\u0131\u011f\u0131 ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re y\u00fczde 27.5 azalarak 21.2 milyar dolar oldu. Do\u011fal olarak cari i\u015flemler a\u00e7\u0131\u011f\u0131ndaki d\u00fc\u015f\u00fc\u015fte en b\u00fcy\u00fck katk\u0131 d\u0131\u015f ticaret a\u00e7\u0131\u011f\u0131ndaki azalmadan geldi. D\u0131\u015f ticaret a\u00e7\u0131\u011f\u0131 (fob baz\u0131nda) y\u0131l\u0131n ilk d\u00f6rt ay\u0131nda y\u00fczde 23’e yak\u0131n d\u00fc\u015ferek 22 milyar dolar oldu.
\nCari i\u015flemler a\u00e7\u0131\u011f\u0131 d\u00fc\u015ferken net d\u0131\u015f finansman da ayn\u0131 paralelde d\u00fc\u015f\u00fcyor. \u0130lk d\u00f6rt ay itibar\u0131yla, ge\u00e7en y\u0131l 32 milyar dolara yak\u0131n d\u0131\u015f finansman sa\u011flam\u0131\u015fken, bu y\u0131l sa\u011flanan d\u0131\u015f finansman 19.9 milyar dolar oldu. Ge\u00e7en y\u0131l cari i\u015flemler a\u00e7\u0131\u011f\u0131n\u0131n \u00fczerinde d\u0131\u015f finansman sa\u011flanabilmi\u015fti. Bu y\u0131l sa\u011flanan d\u0131\u015f finansman cari i\u015flemler a\u00e7\u0131\u011f\u0131n\u0131n t\u00fcm\u00fcn\u00fcn finansman\u0131na yetmedi. Buna ra\u011fmen, kayna\u011f\u0131 bilinmeyen d\u00f6viz giri\u015fleriyle (net hata ve noksan), hem cari i\u015flemler a\u00e7\u0131\u011f\u0131n\u0131n tamam\u0131n\u0131n finansman\u0131 sa\u011fland\u0131, hem de y\u0131l\u0131n ilk d\u00f6rt ay\u0131nda 1.6 milyar dolar civar\u0131nda d\u00f6viz rezervlerinin artmas\u0131 s\u00f6z konusu oldu.
\nK\u00fcresel belirsizliklerin Avrupa’dan kaynaklanan kayg\u0131larla artmas\u0131, T\u00fcrkiye gibi ekonomik b\u00fcy\u00fcmesi d\u0131\u015f a\u00e7\u0131klar\u0131n finansman\u0131na dayanan \u00fclkelerde ek bir belirsizlik yarat\u0131yor. K\u00fcresel bazda risk i\u015ftah\u0131n\u0131n ka\u00e7mas\u0131 d\u0131\u015f finansman olanaklar\u0131n\u0131 do\u011fal olarak k\u0131s\u0131tl\u0131yor. Bu yap\u0131 ekonomide k\u0131r\u0131lganl\u0131k katsay\u0131s\u0131n\u0131 art\u0131r\u0131yor.
\nT\u00fcrkiye ekonomik b\u00fcy\u00fcmeden belli bir \u00f6l\u00e7\u00fcde fedak\u00e2rl\u0131k yaparak d\u0131\u015f finansman ihtiyac\u0131n\u0131 azaltt\u0131. Bu s\u00fcre\u00e7te kayna\u011f\u0131 bilinmeyen d\u00f6viz giri\u015fleri de \u00f6nemli bir rol oynad\u0131. Bu kanaldan d\u00f6viz giri\u015fleri olmasayd\u0131, ya d\u00f6viz rezervleri artmay\u0131p azalacakt\u0131 ya da cari i\u015flemler a\u00e7\u0131\u011f\u0131n\u0131n daha da azalmas\u0131 i\u00e7in ekonomik b\u00fcy\u00fcmeden fedak\u00e2rl\u0131k daha b\u00fcy\u00fck olabilecekti. K\u0131sacas\u0131, kayna\u011f\u0131 bilinmeyen d\u00f6viz giri\u015fleri T\u00fcrkiye ekonomisinin k\u0131r\u0131lganl\u0131\u011f\u0131n\u0131 azaltan bir rol oynad\u0131.<\/p>