Update COVID-19 in Indonesia: 248,852 confirmed infections, 9,677 deaths (21 September 2020)
21 September 2020 (closed)
USD/IDR (14,949) +114.00 +0.77%
EUR/IDR (17,433) +104.02 +0.60%
Jakarta Composite Index (4,999.36) -59.86 -1.18%
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 email@example.com or a WhatsApp message to the following number: +62(0)8788.410.6944
Poll Indonesia Investments:
What do you think will be the growth rate of the Indonesian economy in full-year 2019?
Voting possible: -
- 5.1% (or lower) (41.5%)
- 5.3% (or higher) (30.8%)
- 5.2% (20.2%)
- No opinion (7.6%)
Total amount of votes: 1324