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Asia in 2016: Indonesia

Asia in 2016: Indonesia
- The growth in the economy is owed in part to strengthening commodity prices, up 18 percent in the first 11 months of 2016, according to the International Monetary Fund. For the past few years, dampened markets have plagued Indonesia, which primarily exports natural gas, iron ore and palm oil. The Bank of Indonesia’s successive monetary easing provided additional stimulus, although the rupiah’s fall caused officials to consider a pause in relaxation by year’s end. The Indonesia Stock Exchange’s benchmark index rose 15.3 percent in 2015, the second-best-performing market in Asia and exceeded globally only by the Brazilian, Russian, Thai and Canadian bourses.