we will use it to increase propaganda narratives around the world, and this will help them to bring worse more and more people in the russia. and because of that, they increase their soft power and more and more people in the us and go to the front lines and see the fusions allowed to us to compete. it's, it's a cost of the decisions. it's human lives from both sides, from ukraine and the russian side. and is this why it's important to know that you love this, but for him and protect it as much as possible? since you're now for a special edition of the w business, looking at the elections in turkey on the course, really thing so much for your company. the . every jenny is full of surprises. we've gone all out to give you some of the right people in your northern most count the police

the free time, but still very much alive. your guy to the special recognize the where exactly. it was the fine arts culture history. all their travel extremely worth a visit. the voters here in turkey will head to the polls on may 14th and what is widely seen as the countries most consequential presidential and parliamentary elections in recent history. hello from symbol and welcome to this special edition of the w business. my name is leah hunt. i mean dw,

as turkey correspondence was celebrated as the lead up. we lifted millions of tax into the middle cost president ridge of tire of ad $1.00 is now facing the most serious challenge of his 2 decades in power. opinion whole suggests his main rival for the presidency as a narrow lead in a tight race flooring voters more than any other issue is the economy and inflation driven cost of living crisis has eroded ad one's support. in recent years, the country grappled with inflation as high as 85 percent within the last year. that would decline to 44 percent in april. according to official data. independent economists though say the real rage could be twice as high. the inflation search was fed by a lira slide as the central bank slashed interest rates in an an orthodox policy championed by ad one. we took to the streets to aspects how important economic

concerns are in this election. and also people, especially young, wants to like me, like beginning of this about this they are just waiting of the, you know, for a war thing. they're just waiting 14 on may because everyone just gets bored of the, about the system to get into, to the people with low income, all in especially great distress kentucky because of high installations on this was that was that many people are struggling to get by month by month and some of the items are struggling to pay the rent. the most important issue in the selection right now is the economy to an internet ministration economy. economy will actually economy is a very important issue for our country right now. it is also very important for young people, especially for our students. i, for example, we are about to graduate and we cannot dream about the future as we want you to. because because we are dependent on everything they were due on the project with

a hash. it to the voice of voters in east temple that the turkish economy was already an urgent need for pat and president ad. one is now confronting a power little crisis as he seeks to extend his route into a so decade. he faces a staggering reconstruction bill from a series of devastating earthquakes that struck the country south east from early february on. 11 provinces have been effected by the disaster. we went to audio month. one of the cities was to defy the quakes and a political stronghold off the president whit entire businesses, literally collapsed arguments, salems factory lies in ruins. the text of worship he managed in the audio mon had only opened one in the hall of years ago. it was destroyed within minutes in february's quakes. marlene caught sooner than of this happened due to

serious negligence. halsey if i'm feeling like the building inspectors didn't check the construction company. and the ministry officials didn't keep tabs on the building this back to us. there's been a whole chain of negligence on the systematic, the, from the ministry to the contract to it, and the type in the bottom and hit send a volume 0, many like awesome. it's still in here in the quade region. hundreds of thousands of buildings were destroyed with damaged, entire businesses have literally collapsed. millions of people slapped the quakes own the un estimates the economic cost will exceed 90000000000 euros. president rate of ton of ad one has flinched help, his promise shortly before the election. a reconstruction programs of historic proportions, as long as the god winnings is, we will completely hear the words caused by the disaster in 11 provinces. by b,

as in a total of 650000, your houses, 319000 of which will be delivered in one year, the economist and rough enough to is skeptical about these announcements in the last 2 decades. to add one has launched a multiple states subsidized construction projects to boost the economy. but the country can no longer afford this is the wrong number because it's impossible to get the region back on its feet in such a short time. it really told me to do, i think everyone knows that himself took in new york. correct damage is as big as 10 percent of all g d p. and you can't just show that easy for me before i get it through turkey needs for an investment for those. let me try. otherwise, it won't work fine on on, just because when you get this in line, getting this get it dropped stuff didn't add one's main challenge or in the presidential election, came out. calisto removed represents a 6 party opposition alliance. he has promised to reverse ad ones and also toxic

and only policies restore the independence of institutions and bring back parliamentary democracy in quake id, audio mon, mid salem is trying to save his business. he has rented a whole next to his collapsed factory. here. he can keep at least a few of his employees working some of his fellow entrepreneurs have already given up, but i'm going to send him once to try to stay in business. he hopes that the reconstruction in his hometown will progress quickly, that people will return to audio me on that there will be work here again in the future. an example there of how people have been impacted by recent events. earlier i spoke to timothy ash, he's an economist, covering turkey at our b. c, blue bay. and i started by asking him for his assessment of the current state of

the tuck economy. well, on the add on, it's been a decade of stop go economic cycles, high growth, but to the overheating, which is ms. high, inflation, lots, trade deficits and current account deficit. switch puts pressure on the exchange rate, the valuation, and then feed through to inflation veteran orthodox policies. by add one doesn't like high interest rates, a very high, very negative, really interest rates. that hasn't been a defense for the, for the currency. so the very challenging, actually, i mean the economy is kind of, it's amazing that took, he's actually avoided the systemic crisis. so i think despite these kind of perennial kind of balance of payments and come and see kind of crises. but actually the banking set has been pretty. resilience hasn't been itself in debt crisis. yes . but i guess post election people question, you know, what's going to happen is that, is it going to be sustainable. however, one if he wins is going to manage that. but the challenging balance of payments

kind of issues without the, without doing the right kind of thing in terms of raising interest rates is so how significant is this election? would you say in particular, for the future of the country? are we looking at 2 completely different economic visions for turkey, as well as choose the impulse and elections for the political and economic perspective of politics? you know, it's all talk receive, i guess, a different model of, of political developments more essential asian model versus, you know, wisdom liberal market, democracy. if the opposition, when i think we'll see the west reach back out to to, if you try back and bring it back into the fold of nato and the you the be a love fest i guess between the west kentucky again and from an economics perspective, the opposition, how does the orthodox economics team very well known and respected alibaba, john for the a k, a minister of finance, on the deputy prime minister under the a k p. but he did a lot of that difficult adjustment 20 years ago. uh. as

a finance minister uh also you know, again, other people in the team, the market knows and respects they suggested they'll go back to also doxy. so basically, they'll do, they'll raise interest rates. so the fights inflation, they'll have a more flexible exchange rate regime. they'll clear out the central bank can introduce uh, go back to some independence in terms of money to policy in terms of the team at the central bank. and you go from the probably and i think the market will like that. so likely they'll see a lot of capital inflows that will help stabilize the currency. and eventually, you know, hopefully inflation will moderate. they'll be able to cut rates ultimately not spot . you compare paint to relatively positive pitch and the uh, if you want to be ins, as i mentioned. the question just is, is how sustainable is the balance of payments when the guy, that's all the you know, tells the central bank that it count, use the one the most, the pulse of tool for central bank is,

which is the ability to use interest rates to demand money as the economy, if they're not able to use interest rate, see the, the come see us to adjust the estimates, use capital controls, or they have to get some external. some new financing from abroad doesn't want to go to the us. so, you know, it's, it's whether or not in the gulf states or rush or up, or whether it's right big checks to defend the current saying, and you know, to stay in the macro without to bounce names. crisis is a very decisive election indeed. and one of the tightest ones, according to polls, timothy ash, thank you so much for joining us. thank you. for your insights, the cost of living prices intact has helped people in all kinds of ways. but for those who are already struggling, it's the growing price of food, the tops, the list of concerns. my colleague dory and jones has this report right here from is simple. it's early saw the use of coffee chance to bring his parties to the

system or market for farming companies like colleges across the agricultural it's a struggle for survival. i mean for you nation. in october, it reached 85 percent associates as opposed to stay for the economy to be decisive . for many voters jobs that are moving to the last day of decent price. that's why more reasonable to do that. when i rented a truck to, it was 150 inches to 100, clear up for a kind of in middle. now they charge $1000.00 for the same piece of land for them on this topic. just says custom is all buying less used to sell out by 1 pm. now we've lucky to finish by 5. for, for some in the stumble high prices a molding justin inconvenience. very ex essential threat. these temple charity deep poverty helps lose increases need the group bone storing brands have both many shante dwellings and even the spec to a mel. nutrition now hangs over at the city. now it's very hard to find

a lot of the foods. uh, for instance, we see that the women again asking for food for bigger chips, it's increased so much and baby formula they're asking for that this baby food. and because now and they can not buy a baby formula even the most the cheapest ones. so they are trying to feed their chips with more 3rd of its sugar. said those to me i'm the rest of the deep poverty teen takes a heartbreaking choice of deciding who receives $8.20 poverty will be a tough chatting for whoever wins the election as the cost of living crisis continues to bite. and that's all we have time for now on this special edition of the w business on the upcoming elections here in turkey. i'm giving you a hand and is simple thanks for watching and provide

the making the headlights and what's behind them. dw news, i forgot the show that hopefully issues shaping the continents slowly getting back to normal here. well, in the streets to give you an in depth report on the inside of correspondence is on the ground reporting from across the continent. all the french stuff from outside to you, the next the another thing, india's geothermal potential in the high mountains in the spring, could provide sustainable electricity for this pilot project. pay the weights,

excitement neutrality in 60 minutes on dw, the would just there's to us that's why we listen to their stories. reporter every weekend on dw the, this is dw news advocate coming up on the program. treating patients as war rages outside for how long sedans, health work, as battles with a growing number of casualties from the fighting. but even hospitals that might not be safe havens also coming up.