Erdogan's party suffered its worst election defeat in 20 years. The President of Turkey was finally let down by games with inflation and the Central Bank rate
Turkish President Recep Tayyip Erdogan's Justice and Development Party (AKP) lost national municipal elections, failed to regain the mayoral positions of Istanbul and Ankara, and lost several other major cities. This is the AKP's first major defeat in more than 20 years - and it is likely to mark the beginning of Erdogan's decline. The main reason for the party's failure in the elections was the inability to solve problems in the economy and curb inflation, which had risen to 70%.