Why Erdogan Is Expected To Win Turkey's Presidential Runoff

With Turkey’s presidential and parliamentary elections heading into a run-off vote on May 28th, Erdogan has the new god of selective censorship (Elon Musk on his Twitter throne) on his side, and he could end up winning the second-round vote with a stability argument. Financial markets seem to be fairly confident that Erdogan will win. This is clear with a weakening of Turkish financial assets as the market prepares for another five-year term for the near-autocrat and his extremely unorthodox economic policies. While Erdogan won 49.51% in…