Economic Outlook

Category

Resuming the pattern of the first half of 2020, Indonesia’s economic figure in Q3-2020 came as a disappointment to many as it was worse than expected. Recorded at -3.49% (y.o.y), the official GDP growth of Q3-2020 practically puts Indonesia in a technical recession. Observing deeper to its sectors, the top four sectors of Indonesia’s economy...
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Throughout 2020, we observe an overall shallow inflation landscape, as made apparent by its inflation rate being the lowest in many years before (1.68%). The most important contributor to such a decrease in inflation is the administered inflation, for whic h we have observed a decrease of 0.26 bps from last year. The core inflation...
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Economic activities continue to shrink in Q2-2020 where economic growth plunged to -5.32% (y.o.y), much lower than the positive growth in Q1-2020 of 2.97%. The health crisis has halted the economy in nearly all economic sectors with the top three sectors of Indonesia’s economy (manufacturing, wholesale & retail trade, and construction sectors) experienced a more...
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It has been five months since the first announcement of Covid-19’s confirmed case in Indonesia on the early March. The massive widespread of the virus has brought a catastrophic impact, not only on human health but also on economic consequences. The set of measurements, such as global travel restrictions and social distancing, affect nearly all...
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The case of Covid-19 pandemic in Indonesia has increased dramatically, reaching more than 2,400 recorded cases with an increasingly widespread distribution. The presence of this pandemic certainly poses a major risk, both to the society and the Indonesian economy. The economic slowdown in both real and financial sectors is inevitable. Amid the risk of significant...
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The economy continues to grow more slowly from 5.07% (y.o.y) in Q2-2019 to 5.02% (y.o.y) in Q3-2019. It is likely to be followed by similar performance in Q4-2019. Despite the ongoing global economic slowdown, manufacturing sector rebounds in Q3-2019 (4.15%) after two consecutive slower growth in 1H-2019. It could be a promising sign of further...
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Throughout 2019, we observe an overall low inflation landscape, as made apparent by its inflation rate being the lowest in 20 years (2.72%). The most important contributor of such decrease in inflation is the administered inflation, for which we have observed a decrease of 2.85 bps from last year. In addition, core inflation rate is...
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