Turkey: Beginning of the end or yet another chapter?

'Muddle-through' scenario for the economy

clock • 4 min read

There is a popular saying in Turkey that one who comes (to power) with an economic crisis goes with an economic crisis.

This was very true when President Recep Tayyip Erdogan rose to power following Turkey's devastating economic crisis in 2001. But will the current economic conditions lead to change in the country's leadership? To find an answer, we recently visited Ankara and Istanbul where we met with several key people including politicians, policymakers and economists. Erdogan feeling the heat Even though there are no scheduled elections until 2023, President Erdogan is feeling the heat from the economic slowdown, the opposition's recent election victory in major cities, and possible cracks in hi...

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