Rupiah Poised for Record Low on Policy Risk, Top Forecaster Says

The rupiah may weaken to 17,000 per dollar this year, said Jason Tuvey, deputy chief economist for emerging markets at Capital Economics, putting it past the all-time low set in April.

Jason Tuvey, deputy chief emerging markets economist at Capital Economics, said the measures “failed to live up to expectations”. “[They] reinforce the idea that political commitment to stabilising...

Raising non-oil growth and non-oil revenue are core targets of the transformation plans and Riyadh has made progress in some areas, particularly tourism and entertainment. Yet while there has been a...