Prospects for Turkey in the second quarter

Subject

Prospects for Turkey in the second quarter.

Significance

President Recep Tayyip Erdogan and the Justice and Development Party (AKP) have survived the political crises of the past year with little damage and, short of a substantial economic or legitimacy crisis, will likely score another legislative election victory on June 7. Businesses, the financial sector and households are all likely to remain in wait-and-see mode, and financial markets to be jittery.