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View all search resultsPresident Prabowo Subianto has said that the country might need to adopt a bit of an authoritarian approach to effectively combat corruption, while reaffirming his administration’s commitment to a tougher antigraft drive across all spheres of government.
Economists interpret the rating agency’s latest assessment as a serious corrective signal, noting that a downgrade in Indonesia’s credit rating could sharply raise borrowing costs and pile pressure on the rupiah.
After “greedynomics”, a new label has entered Indonesia’s political–economic vocabulary: “Prabowonomics”. The term made its global debut at the World Economic Forum, where President Prabowo Subianto presented it as the guiding framework for Indonesia’s economic trajectory. While narratives can be curated for international audiences, economic outcomes cannot be scripted. The central question is therefore not how persuasive the narrative sounds, but whether Prabowonomics reflects genuine structural progress or merely repackages ambition and political symbolism in the absence of measurable results.
Amid intensifying regional conflicts across the globe, President Prabowo Subianto has maintained Indonesia’s non-bloc, non-alignment foreign policy but hinted at the harsh realities of global politics, which might have compelled him to take sides on some international political issues.
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