Turkey's long-standing leader Recep Tayyip Erdogan has won a new five-year term after securing outright victory in the first round of a presidential poll.
Mr Erdogan got nearly 53% with almost all votes counted. His closest rival Muharrem Ince was on 31%.
However, there seems to be a discrepancy between this and opinion polls and economic context:
- opinion polls: most polls provided an estimate slightly below 50% threshold
- economic context: Turkish Lira has collapsed during the last months and this article confirms the economic decline:
As Turkey heads towards an election in June it is facing a collapse in its currency that threatens to precipitate an economic crisis.
Since the start of the year, the Turkish lira has plunged about 20 percent against the U.S. dollar, although it rallied slightly this week after an interest rate hike by the Turkish central bank.
Theoretically, such an economical decline should act against the incumbent government.
Question: Is there an explanation for Erdogan winning the elections despite inconclusive polls and economic decline?