What happens next in Turkey? It probably won’t be good

(CNN) The worst may be yet to come for Turkey.

The Turkish lira has dropped more than 40% against the dollar since January, thrashed by a potent mix of confrontational politics, economic policy confusion and US interest rate hikes. The escalation of a political spat with the United States has fueled volatility and further devalued the lira against other currencies.

Turkish citizens hoping for relief may be left disappointed.