24 January 2020 (closed)
USD/IDR (13,632) +6.00 +0.04%
EUR/IDR (15,067) -43.78 -0.29%
Jakarta Composite Index (6,244.11) -5.10 -0.08%
For the first time in several years, Indonesia Investments decided that it had to adjust its outlook for Indonesia’s economic growth. Since 2016, Indonesia’s modestly accelerating economic growth rate had been fully in line with our estimates.
However, seeing the latest gross domestic product (GDP) data that were released by Statistics Indonesia (BPS) at the start of August 2019, it becomes apparent that Indonesia’s economic growth momentum has slowed in the second quarter of 2019, dragged down by declining exports and subdued direct investment realization (foreign direct investment, FDI, in fact continued to contract in US dollar terms).
Read the full article in the August 2019 edition of our monthly research report. You can purchase the report by sending an email to firstname.lastname@example.org or a WhatsApp message to the following number: +62(0)8788.410.6944
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