Tuesday, August 8, 2017

FW: RHB | Indonesia | Economic Growth Sustained In 2Q17



Economic Research

8 August 2017



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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