Turkey holds important local elections this week so I thought it useful perhaps to give some market perspectives around these. Opinion polls suggests closely fought contests throughout the country. As is the polls are suggesting that the opposition CHP will cling on to the big cities of Istanbul, Ankara and Izmir, but with the AKP picking up some smaller cities across the country. However, after their disastrous performance in last year’s general elections, when most failed to predict the Erdogan/AKP clean sweep of presidential/parliamentary elections, we should treat these polls with a considerable degree of caution. Opposition wins in Ankara and Izmir would not be a huge surprise though as Izmir is generally still seen as a CHP/secular bastion, while the opposition mayor of Ankara, Yavas, is generally seen to have done a good job running the city, and his more nationalist background perhaps gives him broader appeal.
Turkey: Polls & policy
Turkey: Polls & policy
Turkey: Polls & policy
Turkey holds important local elections this week so I thought it useful perhaps to give some market perspectives around these. Opinion polls suggests closely fought contests throughout the country. As is the polls are suggesting that the opposition CHP will cling on to the big cities of Istanbul, Ankara and Izmir, but with the AKP picking up some smaller cities across the country. However, after their disastrous performance in last year’s general elections, when most failed to predict the Erdogan/AKP clean sweep of presidential/parliamentary elections, we should treat these polls with a considerable degree of caution. Opposition wins in Ankara and Izmir would not be a huge surprise though as Izmir is generally still seen as a CHP/secular bastion, while the opposition mayor of Ankara, Yavas, is generally seen to have done a good job running the city, and his more nationalist background perhaps gives him broader appeal.