The Turkish lira slid again on Wednesday – by as much as 2% – as markets await a US Federal Reserve decision to raise interest rates. With the sharp drop, the country’s currency is once again down around 20%, year on year.
Turkey’s economic predicament, for which there are no quick fixes as we wrote yesterday, comes as President Recep Tayyip Erdogan faces an election of his own making. In April, Erdogan moved up a national vote by more than a year to June 24, while he was riding a wave of popular support for a successful military campaign in northern Syria.
More is on the line than just the president’s short-term political future. A win for Erdogan would cement constitutional changes giving the country’s executive branch sweeping new authority.
Oh what a difference two months make. Now, as the country looks at an increasingly grim economic picture, at least one poll shows there is a chance, however slim, that Erdogan might lose.
A poll conducted by Foresight Danismanlik, commissioned by Bloomberg, found that support for Erdogan was slightly above the 50% needed to win the first round of voting. But that was within the relatively high 3.5% margin of error. The poll tracked other surveys which found the race getting closer.
Erdogan remains the country’s most popular politician, but newly formed political alliances have turned the election into a second referendum on the constitutional changes, and a loss for Erdogan in the first round of voting would be hugely embarrassing. A close win would signal his waning support. If Erdogan does eke out a victory, he will face the prospect of further economic deterioration, which in turn could further galvanize political opposition.
CNN inspired media outlet, lost my respect.
i-nshallah we are also trying to handover our country to a great leader imran khan and inshallah he will surpass erdogan ‘. new pakistan inshallah corruption free pakistan
Israel is a terror state.
Wold this time has only ony muslim leader that’s Mr erdogan. The west is not happy with him because of their own politcal problems and religious bindings so they try to malign his image….this is disgusting. We pray for his success and long life…..
Pile of cow dung as usual from AT.
Israel land of cowards.
Zionists pigs will burn in hell
Nothing but a sour grape ..a wishlist for the defeat of Erdogan out of sheer jealousy of his accomishment and popularity…an effort to taint further the image of a leader who would not vow to the demands of the West..
Michael Bragaso Manansala v all love him
Karic Jasmin we hate Israel they r killers
STAND WITH Israel stfu jew
Its your choice but you are not a turkish????????????????
Wishing for erdogan again….
Stupid propaganda….Erdogan is our choice
They want political turmoil in Turkey before 2023
The writer I biased. The economy improved during erdogan tenure.
And you seem to really follow up on what the slave has to say….
Khalifa Yusuf Mohamad you are right but may not be a useless one…the media is Jewish slave.
Srinivasa Nanduri we are sick too of ur nonsense behavioursu cant stop kashmir independent movement by labbling it terrisst as israel labeling palestinan a terrist .By killing thousands of kashmirs muslim u cant stop protest there ,if u cant understand the voice of peace wait for guzwa e hind and insha Allah we let u know how to fight
Useless propaganda
Sonny Azhak Endian tanks of 1965 war in Pakistan are still waiting for your coward solider to rescue them.
1971 split was result of Pakistan internal Political rif.
To find real fact of 1999 war, read book of your own national Barkha Dutt.She explained stupidness of Endia very briefly.We suggest you stupid Endians, don’t believe in your bollywood movies/media too blindly and get your facts from neutral sources.
there was no war 1948 and We manged to split subcontinent into pieces.