GLOBAL PERSPECTIVES

Will an Economic Reckoning Follow Turkey's Local Elections?

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Sinan Ciddi
Board of Contributors

Feb 20, 2019 | 11:00 GMT

People line up to buy discounted vegetables sold by municipal authorities in Ankara, Turkey, on Feb. 13, 2019.

People line up to buy discounted vegetables sold by municipal authorities in Ankara, Turkey, on Feb. 13. Food prices have risen sharply in Turkey, which holds local elections on March 31.

(ADEM ALTAN/AFP/Getty Images)

Highlights

  • Consumer prices, a deteriorating economy and relations with the United States, Russia and Iran are key developments to watch as Turkey prepares to hold local elections next month.
  • President Recep Tayyip Erdogan insists his country will never ask for another bailout from the International Monetary Fund, but Turkey is fast running out of economic options.
  • Russia essentially has put Turkey on notice in Syria, while Erdogan's behavior toward the United States risks serious consequences.

As Turkey's March 31 local elections draw closer, three key developments bear watching. All three are likely to significantly affect Turkey's political and economic trajectory as well as its international standing....

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