Turkey Inflation Surges to 19-Year High

Turkey faces severe economic challenges with inflation at 36%, the highest since 2002, driven by a weak lira and low borrowing costs. The Central Bank's rate cuts have led to negative real yields, affecting the lira's value and making it the worst-performing emerging market currency. This economic turmoil has severely impacted Turkish households, with daily price hikes making basic goods unaffordable. Politically, this has led to declining popularity for President Erdogan, with opposition parties calling for early elections. Despite high inflation and unemployment, Erdogan aims to transform Turkey into an industrial powerhouse through low interest rates, a strategy not favored by voters.

What are opposition parties in Turkey calling for in response to the economic situation?

How are President Aslan's poll ratings affected by the economic challenges?