Turkey's Election: A Turning Point for Democracy and Economy

1 min read
Source: Reuters
Turkey's Election: A Turning Point for Democracy and Economy
Photo: Reuters
TL;DR

The upcoming Turkish elections on May 14th will be President Erdogan's toughest test in two decades, with polls showing him trailing opposition candidate Kemal Kilicdaroglu. Erdogan's support has slipped in recent years due to a series of currency crashes and a deepening cost-of-living crisis brought on by his policy of slashing interest rates in the face of soaring inflation. However, declines in prosperity, equality, and ability to meet basic needs began around 2013, marking a turnaround after a decade of high growth and prosperity under Erdogan and his Islamic-rooted AK Party.

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