It also is significant because the collapse of TRY to half its prior value was both swift and for the first time ever, visibly caused by bad leadership.
There is also a massive influx of Syrian refugees who may be allowed to vote... and these refugees are said to almost entirely vote according to the Islamic perspective.
I don't see Erdoğan losing if the election were to be held today. But a lot can change in a couple of years, and as you say the economic situation may aid the opposition.
The coming election is I think another legitimately critical tests. It's not great that Turkey faces multiple critical tests, in a relatively short period of time in the grand scheme of things, but the important thing is it passes them.
Now, Turkey is trying to learn on the fly how not to be a bull in a china shop.
Was that really accepted by the Turkish people as a legitimate coup attempt? From an outside perspective it appeared almost comically staged.
Given history there’s always been a fear of the possibility of a coup at some point. Hopefully that episode has resoundingly shown coups in Turkey are not an option anymore. So yes it failed spectacularly and I think that’s the important point.