Erdogan Set for Shock Defeat in Turkey’s Municipal Elections

Turkey’s Recep Tayyip Erdogan is facing a shock defeat at the ballot box against the main opposition party amid rampant inflation and the highest lending costs since the president swept to power more than two decades ago.

Erdogan’s AK Party fell behind the main opposition Republican People’s Party, known as CHP, in Sunday’s municipal elections for the first time ever, according to early results published by state broadcaster TRT.