High stakes for Turkey as Erdogan faces tough election challenge.

Turkey is holding presidential and parliamentary elections on May 14, with incumbent President Erdogan in the fight for his political life after two decades in power. Recent years have been far less rosy for the religiously conservative leader, whose own economic policies have triggered a cost-of-living crisis. The stakes are high for the entire country and, more broadly, global geopolitics – and the mood on the ground is tense. Turkey's economy has been in a downward spiral for the past five years, in which time its currency, the lira, lost 77% of its value against the dollar, inflation has ballooned and unemployment has largely worsened.