According to Xinhua, Mr. Erdogan's victory comes in the context of the country's economic difficulties and cost-of-living crisis. The Turkish lira has lost about 80% of its value against the US dollar in the past five years and the inflation rate is about 50%. Although before entering the second round of elections, the balance showed signs of tilting in President Erdogan's favor, the narrow victory also showed deep divisions in the country.

Speaking to supporters outside the presidential palace in Ankara, Mr. Erdogan stressed that the election was the "most important" event for Türkiye in the modern era. He called on the Turkish people to unite and stand together. "There are no losers. Victory belongs to all 85 million Turks," he affirmed.

Turkish President Recep Tayyip Erdogan addresses supporters after his victory.

During the election campaign, President Erdogan declared that if he won, Türkiye "would be completely changed and the future would be seen in a different way." And now that he has been re-elected, he has once again reiterated his promise that easing economic hardship and healing the "wounds" of last February's devastating earthquake will be his top priority.

Experts say Türkiye's faltering economy will be the most immediate test for President Erdogan, who has declared inflation the country's most pressing problem. It is crucial that Turkey intervenes with monetary policy to prop up the lira, which has been sliding sharply due to record low foreign exchange reserves.

Turkey's net foreign exchange reserves have fallen into negative territory for the first time since 2002 ahead of a crucial presidential election. Experts say this is linked to the Turkish government 's recent controversial efforts to win elections, which have included trying to keep the lira stable by implementing unconventional policies and keeping interest rates low amid rising inflation. This has brought many risks to the economy.

It can be said that President Erdogan's next journey will face many difficulties, because in addition to economic issues, he will also have to endure domestic and foreign pressures. It is likely that in his new term, Mr. Erdogan will seek to improve relations with Western countries to attract investment and revive the economy. In addition, the priority is to normalize relations with countries in the region, the Eastern Mediterranean, North Africa... to create a stable environment, helping economic development.

It is known that after Mr. Erdogan won, many leaders and heads of Arab countries, Russia, the US, Iran and regional organizations congratulated Mr. Erdogan. That shows the interest of the region and the world in the election in general and Mr. Erdogan in particular.

Some experts also believe that Mr. Erdogan's continued tenure will benefit Russia-Turkey relations. In his victory speech, President Erdogan pledged to implement the project to build an international gas center in Turkey as previously proposed by Russian President Vladimir Putin. He affirmed: "I will further strengthen Turkey's position by investing in the transport and energy sectors, which are the basic infrastructure for developing to the world level."

NETHERLANDS