Indonesia's Long and Winding Lame Duck Period
Monday, February 19, 2024
Indonesia is having a super-long lame duck period. It is bad for the market.
INDONESIA’S financial markets are entering a dangerous, turbulent period. The general and presidential elections are indeed over. And most likely, as the quick count results show, Prabowo Subianto might be the winner in a single round. However, the market should be aware that political uncertainty has just begun. Indonesia is entering a lame duck period that can make financial market sentiment wildly fluctuate.
Prabowo may have an ear
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