Prabowo, Please Learn from Egypt’s Trouble

Prabowo’s wish of expansive state budget deficit might lead into an economic disaster, just like in Egypt.

Yopie Hidayat

March 4, 2024

POLITICAL upheaval and the disputed outcome of the general and presidential elections continue to cast a shadow over Indonesia’s financial markets. Investors are in a holding pattern, waiting for clarity amid the ongoing uncertainty. Nevertheless, the current market sentiment is cautiously optimistic. The political turbulence is expected to subside soon, paving the way for a new government by October.

According to the quick count resu

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