FW: RHB | Indonesia | Growth Inches Higher As Domestic Demand Improves

 

 

 

Economic Research			6 February 2018
Indonesia
Economic Update
Growth Inches Higher As Domestic Demand Improves   Indonesia’s 4Q17 GDP expanded 5.2% YoY, a tad higher from the previous quarters. Going forward, we expect the archipelago’s economic growth to pick up to 5.3% this year, ie slightly higher than +5.1% in 2017. This should continue to be supported by an improvement in government spending as the election approaches in 2019, faster state budget disbursements for infrastructure projects, resilient household consumption, the lower cost of borrowings, and high primary commodity prices.   Economist: Rizki Fajar| +6221 2970 7065
To access our recent reports please click on the links below: 02 Feb: Inflation moderates in january 02 Feb: Dec 2017 M2 Edges Down, Loans Growth Picks Up 19 Jan: BI Still Holds Policy Rate In January 16 Jan: Exports, Imports Continued To Moderate In December 03  Jan:M2 And Loans Growth Edge Down 03 Jan: December Inflation Picks Up 18 Dec: November Exports And Imports Remain Robust
Economics Team
Arup Raha	Group Chief Economist	arup.raha@rhbgroup.com		+65 6232 3896
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