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EM Drop-In: Turkey’s make or break election

It's crunch time for Turkey, with parliamentary and presidential elections on 14th May offering voters a clear choice between a way back from the unorthodox policies of Recep Tayyip Erdogan or a continuation of the president's rule - and heightened risk of currency, banking and sovereign debt crises.

In this special online briefing, our EM and Markets explained what's at stake in this crucial election, discussing what economic policymaking would look like under opposition candidate Kemal Kilicdaroglu and highlighting the key market risks around next Sunday's vote and in the weeks and months ahead.

During this 20-minute session, the team addressed key issues, including:

  • The state of the race and the Turkish economic outlook under our election scenarios;
  • What a Kilicdaroglu presidency would need to do to restore macroeconomic stability;
  • Why another Erdogan term would lead to (more) crises.
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