Economics
Erdogan’s Election Celebration Gives Way to Economic Reality
- Markets give up initial gains amid policy skepticism
- First test of new regime will be make-up of economic team
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Basking in election victory, President Recep Tayyip Erdogan told jubilant supporters that Turkey had voted “for growth, for development, for investment.”
How he delivers that, even with sweeping new powers granted under a constitutional overhaul last year, remains a question economists and erstwhile political allies confront with skepticism.