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Although the global economy is in troubled waters, Indonesia’s economy is buoyed by strong commodity exports, putting the country in a favorable position among emerging markets, research by Moody’s Analytics suggests.
“The labor market in the emerging world remains an open wound,” according to Moody’s Analytics report, “Emerging Market View: The Growth Recession”.
After the GDP grew for most of the emerging-market world in a stronger-than-expected first quarter, “the day after isn’t looking so great,” says the financial-services company in a press release on the report published on Monday.
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