Stalling Economy Hurts Turkey's AK Party Ahead of Election

When elections are held in Turkey next week, the ruling AKP party isn't a sure bet to win a majority of seats.
For the first time since coming to power in 2002, the AKP is heading into an election under fire over the economy. That's because ofo stalling growth, high unemployment and worrying levels of household debt.
That has given the opposition a new line of attack. It also highlights the difficulties that a weakened AKP will face after the June 7 polls.
The party will have to bring in overdue reforms to cut personal and corporate debt, boost savings and increase productivity.
Investors think the AKP will win just enough seats to remain in power as a single-party government. But it is almost certain to fall far short of the super majority required to change the constitution and give AKP founder, President Tayyip Erdogan, the broader powers he wants.



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