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Strong Fundamentals Keep Indonesia’s Growth on Track

Wednesday, 26th of September, 2018

Economic growth in Indonesia, Southeast Asia’s largest economy, is expected to continue to be robust in 2018 and 2019 amid global headwinds, according to an update of the Asian Development Bank’s (ADB) flagship annual economic publication, Asian Development Outlook (ADO) 2018.

“Despite a challenging global environment, Indonesia’s economy is poised to grow at a healthy pace this year and next,” said ADB Country Director for Indonesia Mr. Winfried Wicklein. “Economic fundamentals remain solid, with good prospects for growth and inflation under control. The fiscal position remains well managed and measures have been put in place to preserve stability.”

While export growth may moderate in the near term, domestic demand should hold up, even as monetary policy is used to mitigate external pressure and promote stability, according to the report. Gross domestic product (GDP) growth is forecast to be 5.2% this year, up from 5.1% in 2017, with further economic expansion expected in 2019.

Source: Asian Development Bank: https://www.adb.org/news/strong-fundamentals-keep-indonesia-s-growth-track-adb (31/01/2019)

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