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Indonesia’s economy – What to expect from Prabowo
The likely next president wants high growth, has big spending plans, while promising fiscal prudence. Can it be done?
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Mr Prabowo Subianto will inherit an economy with a GDP of US$1.4 trillion which, under Mr Joko Widodo, grew on average at 5 per cent a year.
PHOTO: REUTERS
Johannes Nugroho
The Indonesian stock market leapt on Feb 15 after quick count results indicated that Mr Prabowo Subianto was headed for a decisive victory in the presidential election. It was a telling signal from the markets of the power of outgoing President Joko Widodo’s economic legacy – and expectations that Mr Prabowo as the “continuity candidate” will pursue more of the same approach.
But will he? Can he?
