Political climate and global monetary condition will be two of the key themes that will affect Indonesian economy 2024. The upcoming general election may have mixed effects on growth and other macroeconomic indicators in 2024. On one hand, Indonesia will carry out its first ever simultaneous elections (Pemilu Serentak) from national to city level; consequently […]
Year-on-year (YoY) inflation in August 2023 occurred at 3.27%, representing a 0.19% increase over annual inflation in July 2023. This indicates that general YoY inflation has risen following a 10-month drop since September 2022. Apart for the information, communication, and financial services sector (-0.22%), which has persistently experienced deflation over the preceding 21 months, YoY inflation recorded in […]
Lower-than-expected October inflation and Q3 GDP growth might not seem be an ideal situation for BI to suspend rate cut, but such move (or lack thereof) may be a necessary evil for the next few months. As major central banks, such as the Fed, ECB, and Bank of Japan started to normalize their monetary policy […]
Indonesian GDP has been around its stable growth path which is more or less 5% per year in the last four years. Construction sector has been growing strongly since 2014. The ever-increasing investment in infrastructure projects would push this sector even higher. Information and Communication sector has dominated all of the sectors in GDP. The […]