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View all search resultsThe government and BI need to prepare a carefully considered contingency plan to prevent a rupiah free fall in the event that escalation in the Iran-Israel conflict disrupts the global oil market and trade routes.
The government has again been resorting to curbing imports in a bid to manage the current account balance, but this policy has not had a significantly positive impact on either the trade balance or manufacturing growth; rather, studies show it can have the opposite effect and eventually reduce exports.
Industry insiders and experts believe commodity prices will continue their downward trend this year from the multiyear highs recorded in 2022 but settle at a higher level than where they were before COVID-19 disrupted markets.
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