Likely resignation of Turkey’s PM raises authoritarianism fears

Reports that Turkey’s Prime Minister, Ahmet Davutoglu, is likely to quit his role amid growing tensions with President Erdogan will reinforce concerns about the shift towards increasingly authoritarian policymaking in the country. It’s still early days, but it’s likely to mean Turkish markets are in for a choppy ride in the coming days and weeks. And the resurfacing of political risk on investors’ radar serves as a reminder that the longer-term outlook for the Turkish economy isn’t as rosy as some seem to think.