Bank Indonesia - Annual Report 2008

In Indonesia, the fallout from the global financial crisis began to take hold towards the end of 2008, the latest Annual Report from the country's central bank states.

In the third quarter of last year the economy was still experiencing growth over 6% and the healthy state of the financial sector was reflected in a stable exchange rate, rising stock index and declining yields on government stocks. But in the fourth quarter, weakening exports, pressure on the balance of payments and turmoil in

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