Comment: After the votes are counted, where next for Turkey's economy?

On 31 March, millions of Turks flocked to the polling stations across the country to cast their vote in local elections, with the ruling AK party set to lose control of the key centres of Ankara and Istanbul. Lucas Irisik explains the significance of the results for the economy and the troubled lira. The vote marked the first local election to take place under the new presidential system that was adopted following the April 2017 national referendum. Given the high participation rate (ca. 83.3%) and a sizable eligible voters' base (ca.57m), the local elections were effectively considered ...