MACROECONOMIC ANALYSIS SERIES: Indonesia Economic Outlook, Q1-2020

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 acceleration in 2020. On the other hand, consumption has declined as a consequence of rather weak spending due to rising global uncertainty.

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