Markets Brace for Volatility as Turks Mull Erdogan's New Powers
- Polls show vote on constitution change still too close to call
- Measures of lira volatility surge to highest since January
This article is for subscribers only.
As Turkey’s 58 million eligible voters get ready to decide whether to hand more power to President Recep Tayyip Erdogan, investors are bracing for what promises to be a very close race.
Pollsters have reported too many undecided voters to accurately forecast the result. While the proposed changes to Turkey’s political system would be transformational, it’s less clear how they would alter the nation’s economic trajectory.