Turkey Votes For Economic Crisis

Atilla YeşiladaPosted on

Turkey Votes For Economic Crisis

  • Turkey’s marathon elections are still in progress with a historic run-off in the presidential contest scheduled for 28 May.

 

  • Contrary to my predictions in the previous video, incumbent Erdogan has a strong edge to win a third term.

 

  • A small detour about where I went wrong in my prediction is necessary, bear with me, Dear Watcher.

 

  • Erdogan has no reason, neither has he given a hint about changing his economic policies which brought Turkey ruination.

 

  • If he wins, Turkish economy is headed for a poly-crisis, to use a newly coined expression.

 

  • There will be four distinct shocks to the economy culminating in a deep crisis sometime in the winter months.

 

  • Does he have a way out to muddle through the winter?

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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.