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Turkey’s economy is paying the price for years of policy mistakes

By Gulcin Ozkan, Professor of Finance, King's College London

For many years, it wasn’t the economy that determined voting behaviour in Turkey. The country’s president, Recep Tayyip Erdoğan, won almost every election he contested despite a deteriorating economic outlook.

This is commonly explained by the importance of identity politics in a country that has been polarised by the policies of Erdoğan’s ruling Justice and Development (AK) Party over its 22 years in power.

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