PBCRF - Indonesia: Landmark Vote Falls In Wake Of Surplus Shrinkage
Emerging Markets Week Ahead (Apr 15-19)
Elections are set to erupt across Indonesia’s volcanic archipelago in the week ahead, while weak export activity has fueled a narrowing in the country’s current account surplus from the prior year.
While landmark general elections are set Wednesday for Indonesian voters to cast ballots for its president, vice president and members of the People’s Consultative Assembly, the country has seen its annual surplus narrow.
Indonesia’s economy is generally reliant on the richness of its natural resources, including crude oil, natural gas, tin, copper and gold, with Japan, the U.S.