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If Turkish President Recep Tayyip Erdoğan and his AKP are defeated in this month’s elections, the next government, led by the CHP, will likely prove more agreeable — or at least no more difficult — on virtually every issue of importance to the United States and Turkey’s other allies in the NATO. There undoubtedly will still be areas of contention, including some of the same ones that have bedeviled the West’s relations with Turkey under Erdoğan. For reasons both ideological and economic, however, a new Turkish government would want a closer relationship with the West than Erdoğan ...

We’re only in May but it’s safe to say that 2023 has been one of the longest years in the history of Turkish politics. The main issues in the presidential and parliamentary elections on May 14 are the deteriorating economic conditions and identity politics. For the first time in two decades President Recep Tayyip Erdoğan is heading into an election not in the lead.

On May 14, Turkish voters are headed to the polls for twin elections — presidential and parliamentary — that are expected to shape the country’s political trajectory for years to come. While the presidential race has generated wide interest in the international media, there is little informed discussion when it comes to the parliamentary elections. Unlike the presidential elections, which quickly turned into a tight contest between President Recep Tayyip Erdoğan and the main opposition leader, Kemal Kılıçdaroğlu, the parliamentary races are more unpredictable at this point.

As Turkey heads to the polls for presidential and parliamentary elections this month, the consequences for its troubled economy are likely to be significant and wide-ranging. Financial stability, business confidence, purchasing power, and asset prices all depend on whether President Recep Tayyip Erdoğan’s two-decade-long rule will continue; at the same time these factors will also determine his chances for re-election. There are a number of potential election outcomes that could lead to greater uncertainty and volatility rather than clarity and stability.

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