Citi Expects Indonesia Rupiah Pressure to Ease in Q3 as Current Account Deficit Narrows to 1% of GDP

According to Citi, Indonesia's rupiah pressure is expected to ease in the third quarter as the current account deficit narrows to around 1% of GDP, driven by lower oil prices, increased mining output, and weaker imports. The analyst cautioned that structural deficiencies may limit the extent of this relief. The current account deficit is projected to fall below 1% in the fourth quarter.
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