This week, almost 200 million Indonesians went to the polls to elect a new president. The result, due in ten days’ time, is seen as pivotal to the country’s direction over the next few years. That’s why the recent erosion of the poll lead for the investors’ favourite, Joko Widodo, known as ‘Jokowi’, has unsettled the Indonesian market – the Jakarta Composite index.
Jokowi was a popular governor of Jakarta, where he “forged a reputation for can-do competence and clean government”, says The Economist.
He would move in the right direction, cutting fuel subsidies that have strained the government budget [...]
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