In the evening of July 15, local time, some officials from Turkish armed forces attempted a military coup and subsequently in the afternoon of July 16, the military officials announced they had cracked down on the attempted coup.

The research team at ANBOUND Consulting is of the view that although this military coup had failed, it does not necessarily mean the end of the turmoil. To the contrary, it could signal the beginning of a new era of turmoil in Turkey.

The aggressive measures taken by Erdogan's government against the rebels while asserting control over the military will undoubtedly deepen the rift between the Turkish army and the current government, which might give rise to yet another coup in the future.

Erdogan’s government will drive Turkey towards conservative state and make Islam in Turkey more conservative instead of less.

Turkey might gradually walk away from the European Union and the United States.

The instability in Turkey is now a public knowledge and the global markets are well aware of the instability in Turkey and the failed coup has fueled uncertainty in the world.