Turkey's political situation is casting a shadow of uncertainty over the country's economic outlook. After posting growth rates of close to 10% as recently as 2011, the country is seeing gross domestic product (GDP) forecasts of between 3% and 3.5% for the next five years, according to data from the International Monetary Fund (IMF). Turkey's parliamentary elections in June saw the country's ruling AK Party (AKP) lose its overall majority, causing a deadlock between the parties looking to form a coalition. President Recep Tayyip Erdogan has since called a snap parliamentary election for November. The likely outcome is unclear; Turkey could again end up with no party winning an overall majority in parliament, but would a coalition government make the political and investment environment more uncertain for the country?
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