1 April 2020 (closed)
USD/IDR (16,741) +328.00 +2.00%
EUR/IDR (18,321) +248.19 +1.37%
Jakarta Composite Index (4,466.04) -72.89 -1.61%
Update COVID-19 in Indonesia: 1,790 confirmed infections, 170 deaths (2 April 2020)
The economy of Indonesia expanded by 5.02 percent year-on-year (y/y) in the third quarter of 2019. Although the pace was in line with expectations, it does lead to a more gloomy outlook than we had before.
The weak international environment, particularly caused by the ongoing tariff tensions between the United States and China, drags down economic activity across the globe (subsequently causing pressures on commodity prices).
Meanwhile, weak investment (as many investors may continue to wait and see for political developments in Indonesia) and low government spending are also believed to have dragged down growth of the Indonesian economy in the third quarter of 2019.
Read the in-depth analysis in the November 2019 edition of our monthly 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