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The IMF cut its 2021 growth forecast for ASEAN-5 to 4.3% from 4.9% in its World Economic Outlook, citing Covid-19 and slow recovery, while raising its US forecast to 7%. The rupiah weakened back to 14,500 per dollar on July 28 as the growth divergence weighed on it.
Weaker Indonesian growth prospects reduce expected feed demand from the country's poultry and livestock sectors, while the weaker rupiah raises the local cost of dollar-priced feed imports.
cnbcindonesia.comPutu Agus PransuamitraJul 28, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
