Indonesia’s recent growth story has been one of Asia's quiet giant coming to the fore, but looking at the country over a longer period – 20 years – it becomes apparent that its tale is one of triumph over adversity.
With a population of approximately 240 million, Indonesia's domestic consumption provides one of the few bright spots in Asia, at a time when many markets are being negatively impacted by the eurozone crisis and the economic slowdown in China. But the strength of Indonesia’s economy now stands in stark contrast to its health during the worst of the Asian financial crisis in 1998, when its banks' disastrous performance was off the scale.
