Turkey's Erdogan Faces Defeat in Municipal Elections
By
Selim Kaya
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Turkey’s President Recep Tayyip Erdogan encountered an unexpected setback in the municipal elections as the main opposition party made significant gains amidst soaring inflation and record high borrowing costs. The Turkish lira weakened in early trading following Erdogan's AK Party falling behind the main opposition Republican People’s Party for the first time ever, as reported by state broadcaster TRT. This marks a historic turn of events for Erdogan's party and signifies a shift in the political landscape of Turkey.