With coalition talks set to get underway in Turkey – amid the real risk of early elections if they fail -- economists are worried about the potential for more economic turmoil.
In Sunday's elections, after 13 years in power, the ruling Justice and Development Party (AKP) failed to win the majority needed for it to govern alone, meaning that it now has to find a coalition partner.
The vote was a blow for Turkish President Tayyip Erdogan, who had hoped to change the constitution and consolidate his hold on power following an election win.
The AKP is now expected to try to form a coalition with the Nationalist Movement Party (MHP), the Kurdish People's Democratic Party (HDP) or Republican People's Party (CHP) – or it could try to oversee a minority government.
If a government is not formed within 45 days, snap elections could be called, meaning that political uncertainty could "drag on," Fitch ratings agency warned late Monday, and "aggravate tensions regarding economic policy."
"The election heightens uncertainty about economic policy and personnel that had emerged before Sunday's vote. Slowing GDP (gross domestic product) growth had increased tensions regarding efforts to rebalance the economy, cut reliance on net capital inflows, and lower inflation," Fitch said in a note.
It added that although a coalition, "might bring moderating influences into play…this is far from certain."
Read MoreTurkey's ruling party falls short