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Erdogan Seals Election Victory in Turkey to Defy Naysayers

Erdogan wins a third decade in power in Turkey's runoff election, raising concerns for international investors. Economists predict an inevitable monetary policy adjustment with interest rates set to rise.

  • President Erdogan wins a third decade in power with 52.1% of the vote in a runoff election.
  • Opposition leader Kemal Kilicdaroglu receives 47.9% of the vote.
  • The victory raises concerns for international investors and Western governments.
  • Economists predict an inevitable monetary policy adjustment with interest rates set to rise.
  • Turkey's foreign policy likely to focus on being a buffer for migrants moving toward Europe and maintaining grain exports from the Black Sea.
Erdogan Seals Election Victory in Turkey to Defy Naysayers
Turkish President Recep Tayyip Erdogan sealed an election victory that appeared unlikely just weeks ago, raising the prospect of more friction with Western governments and international investors.

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