Global Macro Service > Research Briefings > Turkey
After President Erdogan and his ruling AKP party swept to victory in yesterday’s pivotal presidential and parliamentary elections, the focus turns to how Erdogan’s rhetoric during the campaign will match up with concrete economic policies.
The fact that AKP retained a governing majority eliminates the risk of another early election, and has been positive for markets. But the euphoria will be short-lived without clear signs that the government can ensure a smooth landing for the economy and meet its external financing requirements.
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