Indonesia's faster inflation, weak exports cloud economic outlook
Batch of poor data, slower growth and spike in costs push rupiah to 2-week lows
Jakarta
INDONESIA'S annual inflation accelerated to its fastest pace in almost six years in December, due to a recent rise in prices of subsidised fuel, while exports fell more sharply than expected.
South-east Asia's largest economy has been wrestling with bringing down a worryingly large current account deficit, but a move to cut burdensome oil subsidies has been countered by weak commodities that have hit the country's exports.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Australian business strength is shocking even its biggest lender
South Korea’s factory activity shrinks in April, but optimism about outlook ticks up
US sanctions firms in China, UAE for support of Russia’s war
Japan suspects companies are evading disclosure of cross-shareholdings
Germany hit hard as foreign investment falls in Europe: EY survey
South Korea’s April inflation at 2.9% y/y, lower than expected