Bloomberg Quicktake's video: How Turkey s Local Elections Turned Into a Defeat for Erdogan

Turkish leader Recep Tayyip Erdogan won a fresh mandate in parliamentary and presidential elections last summer. But he suffered a stinging defeat against the main opposition party in municipal elections held March 31 amid rampant inflation and the highest borrowing costs since the president swept to power more than two decades ago. The election results showed voters across the country turning against Erdogan’s AK party, but the swing was especially dramatic in the cities of Istanbul, the country’s commercial hub, and Ankara, the capital. The tally cemented Istanbul Mayor Ekrem Imamoglu’s status as Erdogan’s top opponent. Read more: https://www.bloomberg.com/news/articles/2024-04-01/how-turkey-s-local-elections-turned-into-a-defeat-for-erdogan?srnd=politics-vp&sref=omvmmwIg -------- Subscribe to our YouTube channel: https://trib.al/KM4k5RA Subscribe to Bloomberg Originals: https://trib.al/dJv9Uw8 Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/@BloombergQuicktakeNow