Still consistent with our previous outlook, we expect 2016 GDP to grow at around 5.1% level, higher than the preceding year. This is attributable to more robust consumption growth amid low inflation. However, this growth is most probably lower than the potential amid stagnating government spending in 2016 due to two budget cuts in the second semester...Read More

In January 2017, general inflation is 0,97% (mtm) or 3,49% (yoy). Inflation in January 2017 is higher compare to inflation in January 2015 and January 2016, with deflation of 0,24% (mtm) and inflation of 0,51%. The main cause of this month inflation are rising electricity cost for costumer with 900VA maximum electricity power and higher...Read More