Indonesia's slowdown belies Jakarta's reform spin
Despite eight easing moves, growth is stuck at 5% and consumer spending down 1.1% in July and August y-o-y
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Tokyo
FEW central banks have been busier over the last 22 months than Indonesia's. Despite eight easing moves, however, growth in South-east Asia's largest economy is stuck at 5 per cent, lagging China, India, the Philippines and Vietnam. Consumer spending was down an average 1.1 per cent in July and August year-on-year.
Foreign investors are heading for the door, dumping more than US$2 billion of shares in the third quarter - the biggest ejection of foreign funds from Indonesian stocks since the 2013 Federal Reserve "taper tantrum".
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