New Indonesia Finance Minister Promises 8% Growth Without New Taxes - Here's Why Traders Are Skeptical
Key Points
- Indonesia's new finance minister, Purbaya Yudhi Sadewa, aims...
Indonesia just swapped out its finance minister like a day trader switching positions after a bad earnings call. Out goes Sri Mulyani Indrawati, the steady hand who guided the economy through COVID and G20 chaos. In comes Purbaya Yudhi Sadewa, armed with an MBA and a promise that would make even the most optimistic growth stock analyst blush: 8% economic growth with zero new taxes.
If that sounds too good to be true, well, the bond market agrees with you. Indonesian government bonds took a hit faster than a meme stock after the hype dies down. Investors who treated Sri Mulyani like their favo...
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