Economics
Erdogan Economy Isn't Tanking Like Lira as Turkey Heads to Polls
- In Mersin, a key battleground, there’s pain but no crisis
- Small shift could threaten president if vote goes to 2nd round
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The economic numbers say Turkey is booming. The financial markets seem to think it’s on the verge of a crash.
In the streets and shops of Mersin, a large city on Turkey’s Mediterranean coast, there’s little evidence of either extreme. Business-owners are feeling the squeeze from double-digit inflation and a currency that’s slumped 25 percent this year. But many say they’re inclined to stick with the government of President Recep Tayyip Erdogan, who’s seeking re-election in what may prove a knife-edge vote next month.