Various analysts expect the lira to weaken further against the euro and dollar if Erdogan wins the runoff as expected.
(Photo: IMAGO/ZUMA Wire)
Istanbul Investors apparently believe less and less that profitable returns are still possible in Turkey under Recep Tayyip Erdogan. Experts expect the Turkish economy to grow more slowly if the incumbent wins the runoff next Sunday.
On May 28, alongside Erdogan, challenger Kemal Kilicdaroglu will be up for election. In the spring, many observers had expected a political change. But after the first round of voting, Erdogan was almost five percentage points ahead and then received further support from failed applicants.
Kilicdaroglu is trying to counter that. He agreed with the right-wing party Zafer Partisi that “all refugees and illegals” would be sent back within a year if he won. The party is now behind him.
However, observers doubt that the abrupt change of strategy by Erdogan’s challenger will attract the masses. “I’m anything but enthusiastic,” said a senior member of the opposition alliance to the Handelsblatt.
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