Indonesia's election: What will Jokowi win mean?

INDONESIA ELECTION

As Indonesia's high court confirms Joko Widodo as the country's new President, Anthony Cragg from Wells Fargo Asset Management takes a look at what the future holds for markets and the rupiah.

The official outcome of the Indonesian election was victory for the Jokowi-Kalla ticket. The process was challenged by the losing candidate, ex-general Prabowo Subianto, in a legal battle which could have been dragged out in courts for as long as three months. But Widodo has now been confirmed as Indonesia's new President. So what does the future hold for the country's economy and markets? Choppy changeover In the short term the market is likely to be choppy, reflecting disappointment over the lack of a clear resolution. However, the confirmation of Joko Widodo (better known as ...