Indonesia Economic Outlook
bet360备用网址February 25, 2020Growth clocked 5.0% again in the final quarter of 2019. While the domestic economy was weak, as ebbing government consumption and fixed investment outweighed upbeat private consumption, the external sector continued to support the economy due to a further sharp fall in imports, amid the government’s import substitution policies. Meanwhile, early signs in 2020 are downbeat: In January, the manufacturing PMI continued to signal worsening operating conditions, exports fell and consumer confidence declined amid rising fears over the coronavirus outbreak. Moreover, the virus is likely now affecting the external sector via reduced Chinese demand. In politics, the government introduced the omnibus bill—which aims to cut red tape and attract more foreign investment—to Parliament in mid-February. However, certain elements of the bill, such as changes to labor laws, could generate opposition.
Indonesia Economic GrowthGrowth is seen broadly stable this year. Fixed investment growth should accelerate on stronger government infrastructure spending, although this will be offset by a recovery in imports and the coronavirus weighing on the external sector. A potential worsening of the viral outbreak poses a downside risk, while the passage of the omnibus bill is an upside risk. FocusEconomics panelists expect GDP growth of 5.0% in 2020, which is down 0.1 percentage points from last month’s forecast, and 5.2% in 2021.
Indonesia Economy Data
5 years of Indonesia economic forecasts for more than 30 economic indicators.
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|Bond Yield||7.10||-0.05 %||Dec 31|
|Exchange Rate||13,883||0.05 %||Jan 01|
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Indonesia Economic News
March 10, 2020
bet360备用网址In January, retail sales decreased 0.3% year-on-year, coming after December’s 0.5% drop but a softer decline than the Central Bank’s initial estimate.
March 2, 2020
Consumer prices increased 0.28% month-on-month in February, down from January’s 0.39% rise.
March 2, 2020
The manufacturing Purchasing Managers’ Index (PMI) released by IHS Markit increased from 49.3 in January to 51.9 in February.
February 20, 2020
At its 19–20 February monetary policy meeting, Bank Indonesia (BI) trimmed the seven-day reverse repo rate to 4.75% from 5.00%.
February 17, 2020
According to Statistics Indonesia, the country posted a trade deficit of USD 0.9 billion in January, markedly larger than the USD 0.3 billion deficit expected by market analysts but down from the USD 1.1 billion deficit posted in the same month last year.