The central bank may have to raise interest rates to defend the weak rupiah. And global oil prices, which have been notoriously fickle in recent years, could easily fall again. There are signs, too, that the spending has peaked. In April this year, the consumer confidence index tracked by economic tabloid Kontan dipped. President Abdurrahman Wahid sacked two ministers from his cabinet, ushering in the current period of political conflict and uncertainty.
Leadership is still key.
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