Economic Outlook

Category

Indonesia’s economy kept growing beyond expectations throughout 2022. In Q22022, the GDP figure grew substantially above consensus at 5.44% (y.o.y), making it the second-highest growth rate of Indonesia’s economy since 2013 and being only lower to the growth rate of 7.07% (y.o.y) in Q2-2021. Several factors come into play in driving this high rate of...
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The auspicious progress in the domestic public health situation has transpired into a solid GDP growth of 5.01% (y.o.y) in Q1-2022. In the first half of 2022, Indonesia was in an advantageous position to face the latest global economic turmoil. Thanks to the combination of good policy and good luck, first, a rapid buildup of...
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Contrary to what was expected in the early last year, Indonesia did not fully recovered in 2021 and did not reach its pre-pandemic level of growth. Ending 2021 with GDP growth of 5.02% (y.o.y) in Q4-2021, Overall economic growth in 2021 is recorded at 3.37% (y.o.y). Waves of several Covid-19 variants has served as the...
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Anticipating the Unexpected: Economic Recovery in the Turbulence Period The domestic spread of Delta variant has dragged down the promising upward trend of economic growth from 7.07% (y.o.y) in Q2 2021 to only 3.51% (y.o.y) in Q3 2021 as consumption declined and business activity in various sectors that relies on physical activity was halted. The...
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Indonesia is officially out of technical recession. Grew by 7.07% (y.o.y) in Q2 2021, Indonesia experienced its highest GDP growth in the last 17 years after suffering economic contraction in the preceding four quarters. Although encouraging, Indonesia’s high economic growth in the second quarter of 2021 is not much of a surprise. There are at...
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Despite still being in negative territory, GDP growth of Indonesia is the closest it gets to the positive rate since the outbreak. Recorded at -0.74% (y.o.y), the Indonesian economy in Q1 2021 enjoyed a less severe contraction in almost all sectors than the previous three quarters. In addition, several sectors that enjoyed a rather positive...
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The Covid-19 pandemic is a crisis like never before. In economic sense, the current crisis is not originated from any economic aspects like credit crunch, banking sector collapse, or sovereign debt overhang. Thus, we are facing a crisis that has never been explained in any economic textbooks and it leaves almost everyone’s clueless. After more...
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