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'Halo effect' dims as Indonesia consumer confidence slides: survey

Outlook for economy, stock market worsens as slow pace of change after Jokowi's election win curbs expectations

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Consumer spending, which accounts for more than half of the economy, remains moderate.

Singapore

INDONESIA'S consumer confidence faced an "extreme deterioration" in the first half, falling the most in Asia as the outlook for the economy and stock market worsened, according to a MasterCard Inc survey.

The 25.8-point slide from the second half last year to 64.3 on the