Is Indonesia the Next Emerging-Market Domino to Fall?



Posted by Ed 7 mths ago
Investors who gorged themselves on Turkish delight and Argentine beef have had a rude awakening in 2018—the two countries are at the heart of a broadening crisis that has sent emerging-market currencies tumbling.

In Asia, one name keeps coming up: Indonesia, which also has a growing trade deficit—and lots of foreign debt. On paper, Indonesia has done everything right to reassure markets this summer, from raising interest rates to cutting spending and lifting import taxes.

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