Long-term Turkish leader Recep Tayyip Erdoğan was reelected with 52% of the vote. Will he push the country further down an autocratic, anti-West path?
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Articles on Turkish Economy
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Whoever wins, the road ahead does not look pretty.
Disaster-hit Turkey is due to stage a presidential vote in June. Erdoğan’s handling of the earthquake response – and his role in the country’s perceived lack of preparedness – may be his undoing.
Conviction means popular opposition figure Ekrem Imamoglu is barred from running for office. It comes as incumbent president Recep Tayyip Erdogan faces dwindling support.
Turkey’s economy was already struggling before the coronavirus pandemic hit. It has few options to limit the impact of the crisis.
The financial crisis provoked by the lira’s fall isn’t the true drama in Turkey. The real drama is a democratic transformation threatens the increasingly authoritarian president, Recep Tayyip Erdoğan.
President Erdoğan is accusing the West of striving to destabilise Turkey.
The Turkish lira has dropped more than 15% this year against the US dollar.
Does the Turkish government have ulterior motives in its attempt to make Istanbul a global financial centre?
Quick measures by the central bank prevented a financial crisis, but investors are worried. Longer-term economic effects will depend on how long Erdogan’s purge goes on.
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Professor of Political Science, Director of Center for Islamic & Arabic Studies, San Diego State University
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Professor of Finance, King's College London
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