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Turkey Set for Runoff as Erdogan Falls Just Short of Victory

  • Erdogan won 49.5% of the vote, more than polls predicted
  • Polarizing presidential campaign has whipsawed Turkish markets
Bloomberg business news
WATCH: The political fate of Turkish President Recep Tayyip Erdogan hangs in the balance as he looks headed for a runoff election in two weeks. Source: Bloomberg
Updated on

Turkey will hold a runoff election, with President Recep Tayyip Erdogan just failing to secure enough votes for a first-round victory.

The 69-year-old, looking to extend his two decades in power, will face Kemal Kilicdaroglu, 74, on May 28 after doing better than polls predicted.