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Quotes from Societe Generale Cross Asset Research:
- From market pariah to darling of investors, Indonesia's fortunes have shifted dramatically within just a few months. Increased confidence in improving economic prospects and the possibility of reform-oriented Joko Widodo (popularly known as Jokowi) becoming Indonesia's next president seem to be the two major triggers for changing perceptions.
- However, we believe that such optimism may be unfounded as the economy faces multiple headwinds - the mineral export ban, the Chinese slowdown and formation of a coalition government.
