Economics
A Crazy $200 Billion Says Erdogan Wins His Election Bet
The Turkish president’s political future depends on whether pouring money into mega projects can sustain the economy.
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In a ubiquitous TV campaign ad before Sunday's Turkish elections, a burning phoenix rises over newly constructed highways, dams, bridges and airports. Then, finally, it ends up with their builder, President Recep Tayyip Erdogan. “Turkey,” the message goes. “It’s Time.”
The question for many voters and investors, though, is time for what?