Page 8 - bne IntelliNews Turkey Outlook 2024

Since 2013, Turkey has been enduring a bad decade, which is turning into a long decade. Currently the country is getting ready for another short-term positive financial cycle within a negative longer-term political cycle.
It is perhaps time to acknowledge that Turkey has passed the point of possibly achieving a regime change at the ballot box. The mechanism as it stands will simply install Erdogan’s successor.
The prospect of a new “brain drain” and further phases of uncontrolled migration also darken the future. In the five years before the next national elections, Erdogan’s regime will import millions of new voters.
At the same time, Turkey will become increasingly barren thanks to human capital flight.
Turkey, as bne Intellinews’ Istanbul Blog column has long contended, is collapsing on all fronts. Under the diabolical regime that prevails, it can only continue to do so.
Since 2018, the destruction of Turkey across each province of life – ranging from the economy to the judiciary, to education, health, the financial markets, the food commodity markets and so on – has continuously tested fresh limits.
We are yet to hit rock bottom. The abyss awaits.
8 Turkey Outlook 2024 www.intellinews.com