In Turkey, an election reckoning for the rise and fall of Erdogan's economy

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In Turkey, an election reckoning for the rise and fall of Erdogan's economy
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If Turks oust President Tayyip Erdogan in elections this month it will largely be because of an economic reversal that saw their prosperity, equality and ability to meet basic needs start to tumble midway through his two-decade reign.

crisis were brought on by his policy of slashing interest rates in the face of soaring inflation.

Erdogan retains strong support among rural and working-class conservatives and nationalists. He and his ruling coalition could yet prevail in the presidential and parliamentary votes, polls show. At the same time, Western easy-money dried up, sparking an exodus of funds from Turkey and curbing its cheap credit boom.

"The protests were both a response to and a further impetus for the increasing authoritarianism of the AKP government...and led Erdogan to wage an all-out war against his opponents using the entire government apparatus," said Ates Altinordu, assistant professor of sociology at Sabanci University.

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