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Erdogan to Name New Cabinet, Signalling Shift in Economic Policy

 Turkish President Recep Tayyip Erdogan will take oath on Saturday and name a new cabinet, which is expected to signal a change to his unorthodox economic programme.

Erdogan, who won re-election last weekend with 52.2% of the vote, is expected to name a cabinet that is more technocratic and less political than his previous one. This could signal a shift away from his economic policies, which have been blamed for the country's high inflation and currency depreciation.

Erdogan has been under increasing pressure to change his economic course, with the lira losing 44% of its value against the dollar in the past year. Inflation is also at a 20-year high, reaching 73.5% in May.

The new cabinet is expected to include some familiar faces, such as Finance Minister Nureddin Nebati and Treasury and Finance Minister Lütfi Elvan. However, it is also expected to include new names, such as former central bank governor Naci Agbal.

Agbal was fired by Erdogan in March after he raised interest rates in an attempt to curb inflation. His firing was seen as a sign that Erdogan was unwilling to abandon his unorthodox economic policies.

The new cabinet will be tasked with reviving Turkey's economy and restoring confidence in the lira. It will also have to deal with the country's political problems, such as the Kurdish insurgency and the conflict in Syria.

Erdogan's re-election has given him a mandate to continue his policies. However, the new cabinet will need to show that it is capable of addressing the country's economic and political challenges.


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