Economic Research | 8 August 2017 | |||
Indonesia | ||||
Economic Update | ||||
Economic Growth Sustained In 2Q17 Indonesia’s 2Q17 GDP expanded 5% YoY, the same pace as in the previous quarter. Going forward, we expect the archipelago’s economic growth to hold up at 5.1% this year, from +5% in 2016. This is a downward revision from our previous estimation of 5.2%, on the back of weaker-than-expected consumer spending. Going forward, GDP growth should continue to be supported by: 1. Rebound in Government spending as revenue collection improves; 2. Faster state budget disbursements for infrastructure projects; 3. Resilient household consumption; 4. Lower cost of borrowings; 5. Pick-up in primary commodity prices. Economist: Rizki Fajar| +6221 2970 7065 | ||||
To access our recent reports please click on the links below: 02 Aug: July Inflation Eases Off After Aidil Fitri Festivities 01 Aug: June M2 Growth Picks Up, Loan Growth Moderates 21 July: BI Continues To Hold Key Policy Rate In July 18 July: Exports And Imports Decline In June Due To Festivity 06 July: M2 Growth Continues Uptrend, Loan Growth Moderates 04 July: June Inflation Inches Up Amid Aidilfitri Festivities | ||||
Economics Team | ||||
Peck Boon Soon | Chief ASEAN Economist | +603 9280 2163 | ||
Vincent Loo Yeong Hong | Malaysia, Vietnam | +603 9280 2172 | ||
Ng Kee Chou | Singapore, Thailand | +603 9280 2179 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
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