Indonesia: a haven from turbulence

Indonesia’s large domestic economy should shield it from Trump-generated turbulence.

President Trump's protectionist sabre-rattling has unnerved emerging-market investors. Developing countries tend to be more trade-dependent than the industrialised world, so trade barriers would hurt them more. This is why investors are increasingly eyeing up emerging markets with large domestic economies that shield them from the turbulence, says Assif Shameen in Barron's.

Enter Indonesia, where exports account for only a fifth of overall output, and a 250-million-strong population underpins a large domestic market. More broadly, "there's a sense it's all coming together", as Centennnial Asia's Manu Bhaskaran told Barron's. President Joko Widodo has made slow but steady progress on structural reforms since his election in 2014.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.