Turkey

Election board has declared Imamoglu Istanbul mayor with governing party appeals against his election still pending

Rail infrastructure renovation and expansion will greatly improve Turkish logistics

The armed forces have been under constant purge in order to fill them with Erdogan loyalists rooted in Islam

The finance minister’s plan for the economy promises much but the government’s reform impetus has faded in recent years

The election upset poses a challenge to Erdogan, whose main priority will be to break the opposition

Another spat with Washington, over arms purchases, and contested local elections are ‘double whammy’ for lira

Erdogan has lost Ankara but more than that, he may have lost Istanbul

Currency and corporate debt crises should be avoided, subject to political risks, but economic recovery will be slow