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Opinion

Indonesia's IPO fever cannot hide worsening economy

It is suffering from flabby state-owned enterprises and coronavirus blow

| Indonesia
Joko Widodo's unsteady approach to the outbreak is emblematic of the problem.   © Pool/AP

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

Today's Indonesia often seems a tale of two economies.

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