Search ForexCrunch

According to 21 analysts surveyed by Reuters, a majority of them expect the Indonesian economy to have likely expanded in the final quarter of 2019.

Key Findings:

“The economy to expand 5.04% from a year earlier, a touch quicker than the pace in the previous three months of 5.02%.

For full-year 2019, the median forecast of 14 analysts was for 5.03%, compared with the previous year’s 5.17%.

A smaller pool of analysts predicted growth in Southeast Asia’s largest economy would then pick up to 5.09% this year, though some noted that the coronavirus epidemic in China could hurt the global economy, including Indonesia.

There have been no confirmed cases of coronavirus in Indonesia, however.”

  • Official: Bank Indonesia intervenes to steady rupiah amid coronavirus fears
  • USD/IDR sits at 13-day tops above 13,700 after Indonesia’s annualized CPI disappoints with 2.68%