The IMF has raised its 2009 growth projections for Indonesia, and Morgan Stanley has just issued a flattering report on the Indonesia's long-term growth potential. Sounds good to me, but be careful with the entry point. Indonesia took on an inadvertant stimulus this quarter in the form of a nationwide elections, but this massive amount of candidate spending won't be there once the elections are over in July. If you're looking to catch the wave of investment that will likely go into indonesia here at the early stages, it may be best to wait until later this year, once Indonesia likely experiences some dissappointing economic data due to its reduction in
consumer election spending.
Disclosure: No position