Confusing Stimulus amidst Double Threats
Tuesday, 31 March 2020
Firstly, fleeing foreign exchange reserve from domestic financial market in search of safety. Secondly, a drastic drop in consumption due to the plague. Instead of growing, the Indonesia’s economy might be shrinking this year.
The first issue is not exclusive to Indonesia. Other emerging markets are having a similar problem. This time, the scale of dollar outflow from emerging markets are even greater than that of the 2008 crisis. To make...
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