As in many emerging economies, companies in Indonesia gorged on cheap debt to fund expansion. Now they face higher interest rates on top of a plummeting rupiah and a commodity slump.
Indonesia, Already Squeezed, Braces for Higher Interest Rates
The New York Times - 21 Dec 2015 12:00
As in many emerging economies, companies in Indonesia gorged on cheap debt to fund expansion. Now they face higher interest rates on top of a plummeting rupiah and a commodity slump.
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