FW: RHB | Indonesia | Growth Inches Higher In 3Q17 As Government Spending Rebounds

 

 

 

 

 

Economic Research			7 November 2017
Indonesia
Economic Update
Growth Inches Higher In 3Q17 As Government Spending Rebounds   Indonesia’s 3Q17 GDP expanded 5.1% YoY, a tad higher from previous quarters. Going forward, we expect the archipelago’s economic growth to hold up at 5.1% this year, slightly higher than +5% in 2016. This should continue to be supported by: 1.   Improvement in government spending as election approaches in 2019; 2.   Faster state budget disbursements for infrastructure projects; 3.   Resilient household consumption; 4.   Lower cost of borrowings; 5.   High primary commodity prices.       Economist:  Rizki Fajar| +6221 2970 7065
To access our recent reports please click on the links below: 02 Nov: October Inflation Eases 01 Nov: September Loan And M2 Growth Pick Up 27 Oct: 2018 State Budget: Encouraging Investment And Infrastructure For Growth And Equality 20 Oct: BI Pauses In October After Easing August-September 03 Oct: September Inflation Remains Moderate 02 Oct: August Loan And M2 Growth Pick Up
Economics Team
Peck Boon Soon	Chief ASEAN Economist	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Vietnam	vincent.loo@rhgroup.com		+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184

 

 

 

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