Erdogan’s weakened position.
Two months after the electors of Istanbul rejected his candidate for mayor by a margin of over 800,000 votes, President Recep Tayyip Erdogan is still seeking to retrieve his position and forestall defections from his party.
- The role of China as a financial and trade partner will grow.
- A further interest rate cut may undermine the lira.
- Turkey’s brain drain will accelerate.