Turkish President Tayyip Erdogan indicated in a speech last night that parliamentary and presidential elections can be held on May 14. He also said that this could be pushed back to June 18. But how will this then impact Turkey's economy?

Speaking to lawmakers of his AK Party in the parliamentary sector, president Erdogan said that the Turks would show their reaction to the main opposition alliance on the same date that elections were held in 1950. He also noted that the current sector is very ambitious.

"Our nation will say enough to coup appreciators, this ambitious but incompetent on the same after 73 years," said Erdogan. Meanwhile, Erdogan believes that the Turkish economy will be supported even better to get a more solid increase in value.

In this regard, the Turkish General Election is expected to be the starting point for the Turkish economy to grow again. Lower inflation has also become one of the weapons to make Erdogan's reign look less harmful ahead of the elections.

Turkey and Its Economy Markets Ahead for Election: The Analysis from Economists

In general, the Turk experiences soaring inflation and currency crashes yearly. President Tayyip Erdogan also said that a heavily managed economy hampered his vision. Meanwhile, there are different consequences ahead of the presidential and parliamentary elections.

This is related to the vote mark and inflation-driven cost of living crises which are also easing. And many of whom have bailed out in the last five years say that these economic policies are the centre of attention, while even the hint of opposition can have far-reaching impacts.

Fund managers also told Reuters that options could be one of the main headwinds for Turkey's economy. Drastic changes will be made following changes and uncertainties. But according to other parties, sustainability is the most needed.

The medium-term would be market turn sustainability, which would make policy uncertainty and volatility continue. So, according to experts, what can happen now is to change policies and claim the government has already denied other policies.

Meanwhile, this is also supported by several top banks in Turkey, who said that they would provide a capital boost to help Turkey drive the economy in 2023. There have yet to be any details on lenders' expected size and capital increase, but paying dividends in 2023 is possible.

Meanwhile, Erdogan said they would further boost economic growth and tackle the current account deficit. So what is happening now is that Erdogan will use all means to improve economic conditions before his reign ends.

Ahead of the Elections, Turkey's Economic Conditions are Better With Erdogan's Policies

Erdogan said he would help Turkey boost economic growth and tackle current account difficulties. Meanwhile, the new economic model is also what they will do. This allows Turkey to deal with persistent economic conditions.

The model also relies on targeted loans and low-interest rates in line with his unorthodox view that cutting rates reduces inflation. Therefore, it's not surprising that economic conditions are the most influential for Erdogan while the bizarre monetary policy.

Turkey's economy has gone wrong but it will strive for sustainable growth. But if this forces them to push inflation to the second highest level, it will become a new threat for Erdogan. So now, it's interesting to see the next benchmark.

On the other hand, Turkey's annual inflation was pulled back further in December from a two-decade high. This is considered a help for Erdogan to win Turkey's continued elections. Turkey's inflation touched 64.3 per cent in December compared to last year.

Turkey is trying to return their economy to a more stable level. But what is becoming a threat now is the government and elections. So that ahead of the elections, Turkey is trying so that the economy can gradually get better.