Patrick Cooke: ALL BLOG POSTS
South-east Asia’s largest consumer market and one of its most dynamic growth destinations is now turning a corner in terms of business confidence and expectations, the latest OBG Business Barometer: CEO Survey shows. While for some time, both foreign and domestic investors in Indonesia cited infrastructure,n political uncertainty and frequent changes in legislation as their top concern, many now have an altogether more positive outlook.
The much-anticipated risk of an outright trade war between the US and China following US President Donald Trump’s election has subsided after leaders of the two countries met face-to-face to find common ground. The macroeconomic focus has shifted back to oil prices, commodities and growth demand developments in Asia, and the threat of protectionism and isolationism has been averted for now.