Skip to main content

Turkey’s opposition pledges return to economic orthodoxy, faces uphill task

An opposition victory in Turkey’s upcoming elections should put the country back on the path of economic orthodoxy, but the huge cost of the February quakes dictates tough revisions to any economic plans.
ADEM ALTAN / AFP) (Photo by ADEM ALTAN/AFP via Getty Images)
Read in 

ISTANBUL — A return to orthodox economic policies is a key election pledge of Turkey’s opposition bloc. However, the colossal damage of the February earthquakes will make its task much harder should it win the May 14 presidential and parliamentary polls. 

Turkey’s economic turmoil is a top issue on the election platform of the six-party Nation Alliance, which is mounting the strongest challenge yet to President Recep Tayyip Erdogan and his Justice and Development Party (AKP), in power for two decades. Kemal Kilicdaroglu, the leader of the main opposition Republican People’s Party, is the joint presidential candidate of the alliance, which includes disenchanted former associates of Erdogan, among them Ali Babacan, who presided over the economy in its heyday under the AKP and is well regarded by foreign investors.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.


Only $100 per year.