Reuters reveals has Indonesia shaken its ‘fragile’ status among emerging markets?

Reuters exclusively revealed that a decade ago Indonesia earned the unwelcome label of being among the so-called “Fragile Five” emerging markets, economies highly vulnerable to capital outflows and a currency slump whenever global interest rates rise. But fast forward to a new round of monetary tightening led by the U.S. Federal Reserve, Southeast Asia’s biggest economy and its capital markets have shown remarkable resilience, throwing a spotlight on whether the situation has fundamentally changed.