How Will Turkey's Election Shape the Economy?

Send us a textTurkish voters return to the polls this weekend to choose a president. Before the first round of the election, polls suggested that voters were evenly divided between the two biggest parties. However, Erdogan’s unexpectedly strong first round has put pressure on the Turkish lira and knocked other Turkish assets ahead of this weekend’s runoff vote. The official annual inflation rate in Turkey was 43.7% as of April. This is actually down from the 80% inflation rate tha...