Turkish President Recep Tayyip Erdogan and his ruling Justice and
Development Party (AKP) are used to success, having dominated politics
in the country for almost two decades. But they currently find
themselves in an unusual situation. According to most polls, the AKP's
government coalition with the Nationalist Movement Party (MHP) is losing
popularity.
The ongoing economic and currency crisis and the government's
handling of it has contributed significantly to the population's waning
support. The Turkish lira continues to fall, now trading at just below 8
to the US dollar — as compared to below 6 at the beginning of the
year — after the Turkish central bank raised interest rates and
introduced a number of other measures that have been roundly criticized.
Steve
Hanke, an economist at Johns Hopkins University in Baltimore, told DW
the government had also miscalculated the annual inflation rate, with
Ankara claiming it was 11.75%, when in reality it is far more
likely around 37%.
The Turkish population is also increasingly dissatisfied with the way in which the government has reacted to the coronavirus pandemic.
Read more at:
Turkey′s opposition on the rise | Europe| News and current affairs from around the continent | DW | 15.10.2020
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