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Turkish referendum's economic implications


Business Line

Turkish referendum's economic implications

Turkey has voted in favour of constitutional changes giving more power to the president.

Most of the changes will come into effect with the elections in Autumn 2019, turning Turkey into a presidential republic.

They also enable President Erdogan to stay in power until 2029.

In this edition of Business Line we look at the economic case for the referendum and its implications.

The rating agency Fitch said the victory for the ruling AK party could spur the Ankara government to move ahead with growth-boosting fiscal policies and undertake structural reforms.

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