Behind Indonesia's slowdown
Bareksa • 05 Feb 2014
With Southeast Asia's largest economy and 'Fragile Five' member Indonesia reporting its slowest annual growth rate in four years (REUTERS)
Its rupiah currency, one of the 'Fragile Five,' was Asia's worst performer last year
Reuters - Indonesia, Southeast Asia's largest economy, has seen growth slow to a four-year low
Its rupiah currency, one of the 'Fragile Five,' was Asia's worst performer last year
Ratings agencies say its current account deficit - which hit a record last year - leaves Indonesia vulnerable to external shocks
Indonesia is the world's top exporter of nickel ore, thermal coal and refined tin
The mining sector, which accounts for around 12 percent of the economy, has been hit by a ban on mineral ore exports
Indonesia hopes to boost foreign investment by 21 percent this year
It recently raised foreign investment caps in the pharmaceutical, advertising and power industries
Indonesia has Southeast Asia's biggest pool of consumers - and McKinsey expects them to spend over $1 trillion annually by 2030