Wheels Coming Off Indonesia's Growth

As has long been expected, Indonesia's economy appears to be hitting a wall, with rising inflation and interest rates, falling exports, a widening current account deficit and a depreciating currency. Those concerns drove the benchmark Jakarta Composite Index down by 5.6 percent Monday, the biggest one-day decline in two years, then falling by another 1.03 percent on Wednesday to 4150.24, down from a record high of 5,214.976 on May 20 and closing in on bear market territory.

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