Online Desk/

Erdogan has been in power in Turkey for two decades. Presidential and parliamentary elections are going to be held in the country on May 14.

Due to infighting in Turkey’s opposition coalition, Recep Tayyip Erdogan is more likely to return to power.

However, the country’s recent earthquake has hit the country’s economy a little. On the other hand, due to rampant inflation, prices of almost all daily commodities have gone up. Erdogan is trying to strengthen the economic situation before the election.

In a speech given at a conference in Brussels, Erdoğan said that last month’s terrible earthquake caused an estimated loss of 10,400 million dollars in Turkey.

His government has set a target of rebuilding 3 lakh 19 thousand houses within the next year.

According to the UNDP, Turkey needs to raise at least 10,360 million dollars or 9 percent of the estimated GDP in 2023 to rebuild the damaged houses.

Erdogan’s government is considering lowering interest rates to bring economic growth.

Source: Geo News