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How will the presidential election in Turkey affect the economy? | business and economy

Video duration 25 minutes 15 seconds

The costs count

Rising inflation and a plunge in the lira will be top priorities for whoever wins the May 28 presidential election.

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It was not a clear victory for Recep Tayyip Erdogan in Turkey’s presidential election. However, the result was also a disappointment for the opposition, which was more united than ever.

A run-off election will be held on May 28, in which voters will focus on the state of the economy.

President Erdogan has been criticized for cutting interest rates at a time of skyrocketing inflation – while most central banks did the opposite to keep prices down. If the opposition wins, it could mean rethinking his policies.

Meanwhile, the global job market is about to undergo a “upheaval”; Is it time to upgrade workers’ skills?

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Released May 20, 2023

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