Indonesian Finance Minister Interview: The Economy Stalled Because We Wanted It To |
| June 24, 2014 | June 2014 Bond Updates |
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Last May, when Ben Bernanke made unexpected comments about tapering and set off a brutal sell-off in emerging market assets, nowhere in southeast Asia was more badly affected than Indonesia. Named as a member of the so-called Fragile Five - a group of countries that had both budget and current account deficits, and were therefore especially vulnerable - Indonesia suffered foreign capital flight, a slowdown in economic growth, a falling currency and plunging foreign exchange reserves. |
| View more at: http://www.forbes.com/sites/chriswright/2014/06/23/indonesian-finance-minister-interview-the-economy-stalled-because-we-wanted-it-to/ |
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