EconomyWhy investors are fleeing one of Asia’s biggest economies
Indonesia’s standing as an emerging economy may be downgraded amid the huge spending projects pursued by populist President Prabowo Subianto. The president promised to deliver 8% growth, but investors are now questioning whether he will rein in those ambitions. The concern centers on the direction of his economic plans and their implications for the country’s status. Indonesia’s policy choices are putting its growth promise under closer scrutiny.
Why investors are fleeing one of Asia’s biggest economies
Economy