Straightening Turkey's economy: The main challenge of Erdogan's new term | International
Economists fear there will be a balance-of-payments crisis in the upcoming months unless international confidence is restored
Stay updated with breaking news from Sinan Ogan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Economists fear there will be a balance-of-payments crisis in the upcoming months unless international confidence is restored
After three stints as Prime Minister and two as President, Erdogan was already Turkey's longest-serving leader, but this time he was facing the biggest challenge in his political life, as the country is facing skyrocketing inflation that led to a huge cost of living crisis. Turkey Presidential Election 2023 Results: Recep Tayyip Erdogan Wins Again, To Rule Country for Third Decade.
On his path to his hardest election victory, the 69-year-old survived Turkey's greatest economic crisis in a generation and the strong opposition alliance to ever challenge his Islamic-rooted party
Ankara, May 28: Voting starts in Turkey's presidential runoff on Sunday in which incumbent President Recep Tayyip Erdogan and his leading contender Kemal Kilicdaroglu race for the presidency.
It is astonishing how the majority of Turkish people elected Erdogan despite a worsening economy and now chronic hyperinflation that would likely bring down any government in a democratic country.