Analysts fear Erdoğan victory could lead to further instability with high inflation and lira already close to historic low
Analysts expect Turkey’s economic crisis to worsen after President Tayyip Erdoğan came top in the first round of the country’s presidential election and his party gained a parliamentary majority in a legislative vote.
The Turkish lira, which has devalued steadily in recent years including halving in value in one year alone, dropped close to a historic low as markets opened the morning after Sunday’s vote.
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