Tayyip Erdogan’s re-election in Turkey sends a sharp message to leaders around the world: politics is trumping sound economics.
The extension of the president’s 20-year rule was not a given. He narrowly beat challenger Kemal Kilicdaroglu, an economist, after a runoff vote on Sunday. Official results released show the sitting strongman wonErdogan’s victory will likely exacerbate multiple long-term money-matter headaches for the country’s more than 80 million people.
Erdogan’s win also suggests the country will continue to pivot away from the West. Despite being a member of NATO, Turkey has cultivated its relationship with Moscow even after the invasion of Ukraine. Russia, now shunned by European Union countries, accounted forof Turkey’s import of crude oil in November. That pushes the country that physically straddles two distinct parts of the world into more unpredictable alliances.
Kilicdaroglu had promised a democratic reset and a return to orthodox economic policies in Turkey, which has been struggling with hyperinflation, a weak currency and a cost-of-living crisis. He called the result "the most unfair election in years" but did not dispute the outcome.Editing by Una Galani and Pranav KiranOpinions expressed are those of the author.
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