Due to the recent trend of capital outflow, Indonesia was - TopicsExpress

Due to the recent trend of capital outflow, Indonesia was particularly vulnerable to financial stress, economists have said. The current account deficit has been blamed for the weakness experienced by the rupiah: already under pressure due to the recent regional capital outflow. Asian countries are now “closer than ever” to another 1997-1998 crisis. Whether history will repeat itself largely depends on policymakers’ responses, according to a report by Singapore-based DBS Bank released on Thursday.

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