Wolfango Piccoli, co-president of political risk advisory services at Teneo, joined Turkey recap editor Diego Cupolo to discuss Turkey’s economy, how markets approach political risk and what the government is doing (or not) to stem years of high inflation.

Piccoli covered investor sentiments towards Turkey, the implications of the ongoing crackdown on the main opposition Republican People’s Party (CHP) and what all that means for Turkey’s economic trajectory, both domestically and in international trade relations.

They also discussed the sustainability of the ruling Justice and Development Party’s (AKP) development model as well as high food and rent inflation, which is increasingly felt by Turkish citizens as they lose purchasing power.

Also referenced in this talk:

Consumer Price Index, August 2025 (TÜIK)

Türkiye Releases 2025-2027 Medium-Term Program (Investment and Finance Office)

Turkish markets rally as key opposition ruling delayed (Reuters)

Turkey's market rout worsens amid protests, worst stock slump since 2008 (Reuters)

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Diego Cupolo, Editor-in-chief

Emily Rice Johnson, Deputy editor

Günsu Durak, Turkey recap Türkçe editor

Ceren Bayar, Parliament correspondent

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