Monday, May 15, 2017

CAD Starts To Widen In 1Q17, BOP Surplus Sustains

Economic Research
15 May 2017

Economic Update

Indonesia’s current account in its BOP registered a slightly higher deficit of USD2.4bn, or 1% of GDP in 1Q17. Moving forward, we expect the CAD to widen to USD19.4bn or 2% of GDP in 2017, from a deficit of USD16.9bn (-1.8%of GDP in 2016). This is on expectations of:
1. A smaller surplus in the merchandise trade account due to growing imports;
2. A larger deficit in the services account.

Financial account recorded a higher surplus. The financial account, however, recorded higher inflows of +USD7.9bn in 1Q17, from +USD7.6bn in 4Q16. It stood at +USD9.8bn in 3Q16.

Economist:  Rizki Fajar| +6221 2970 7065

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