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3 Feb 2020
Indonesia’s economy to expand in Q4 2019 but coronavirus to hurt 2020 outlook: Reuters poll
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%