Turkey's Cost-of-Living Crisis Imperils Erdogan's Re-Election Bid.

1 min read
Source: Reuters
Turkey's Cost-of-Living Crisis Imperils Erdogan's Re-Election Bid.
Photo: Reuters
TL;DR Summary

Turkish President Erdogan's economic policies have led to a cost-of-living crisis, eroding his popularity and posing a challenge to his 20-year hold on power. Some polls show him trailing his main opponent ahead of Sunday's first round vote. The cost of basic foodstuff has become unaffordable for many, with food prices surging 54% YoY in April. The Turkish lira has lost 76% under Erdogan's second term as president, marked by several currency crises due to unorthodox policies. Some AKP voters still believe only Erdogan can fix the economy, while others blame other factors for its current state.

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