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In this article we take a look at the strength of the Indonesian economy by assessing a variety of macroeconomic indicators such as retail sales, consumer confidence, and credit growth.
On 6 July 2023 Indonesia Investments released the June 2023 edition of its monthly report. In the report we present a number of analyses of topics (all related to the economy, politics and social matters) that were relevant in Indonesia in the month of June 2023.
On 6 June 2023 Indonesia Investments released the May 2023 edition of our monthly report. The report discusses key economic, political and social issues that impacted on Indonesia in the month of May 2023.
On 4 May 2023 Indonesia Investments released the April 2023 edition of its monthly report. The report discusses a range of subjects related to the economy, politics and social matters that we found were relevant in April 2023.
On 06 March 2023, Indonesia Investments released its latest monthly report titled 'Normalizing Economic Growth'. As usual, we aim to present in-depth analyses of topics that are relevant in the context of economic, political and social developments in Indonesia.
On 5 February 2023, Indonesia Investments released the January 2023 edition of its monthly report. This report discusses and analyses a number of important economic, social and political topics (all related to Indonesia) that were relevant in the month of January 2023.
In December 2022 the Asian Development Bank (ADB) cut its forecast for economic growth of Indonesia in full 2023 from 5.0 percent year-on-year (y/y) to 4.8 percent (y/y). In its Asian Development Outlook Supplement (the December 2022 edition), the institution noted that weak economic growth in developed countries will impact negatively on Indonesia’s export performance.
On 5 January 2023, Indonesia Investments released the December 2022 edition of its monthly report. This report discusses and analyses a number of important economic and political topics (all related to Indonesia) that were relevant in the month of December 2022.
On Wednesday (07.12.2022) Indonesia Investments released the November 2022 edition of its monthly report. In this report we zoom in on the most important economic, political, and social developments of Indonesia over the past month.
Despite the challenging international conditions (aggressive monetary tightening in the United States, the Russo-Ukrainian war, stagflation, a looming recession across the West, and weak growth in China) and a significant rise in the prices of subsidized fuels on 3 September 2022, Indonesia posted another solid economic growth rate.
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On 7 February 2022, Indonesia’s Statistical Agency (Badan Pusat Statistik, or BPS) announced the latest gross domestic product (GDP) data of Indonesia, covering the final quarter of 2021.
In the first month of 2022, we detected some positive signs, both abroad and at home (in Indonesia) as there is growing evidence that the Omicron variant is encouraging strong herd immunity around the world, while not making too many people ill to the extent that they require hospitalization.
There are reasons to be optimistic about Indonesia’s economic activity in the fourth quarter of 2021. Obviously, the underlying reason being that new confirmed COVID-19 infections have not been far from zero in Indonesia throughout the final quarter of the year. As a consequence, the government of Indonesia did not need to impose tough restrictions, hence economic activity is allowed to blossom.
The economic rebound in the second quarter of 2021 – with a +7.07 percent year-on-year (y/y) growth pace – was great for Indonesia, albeit it is obviously related to the ‘low base effect’ (as Indonesia had hit its rock bottom in the same quarter one year earlier). But what about the future, or more precisely: Q3-2021?
August is always a cause for celebrations in Indonesia as the country commemorates its independence from the colonial Dutch regime every 17 August. This year, it was the 76th year Indonesians celebrated their Independence Day. Obviously, Indonesia Investments sends the warmest wishes for the country's continued prosperity and success to all Indonesians!
As we have discussed in earlier reports and articles, the tourism industry is among the heaviest affected industries amid the COVID-19 crisis. Travel restrictions (such as mandatory COVID-19 tests and vaccines) and in some cases full travel bans set by governments across the world are discouraging people from traveling.
It feels as if the world is, again, at a turning point. While there is a wide range of data that indicate improving economic conditions (both in Indonesia and the world as a whole), there also emerged room for concern.
Right at the very start of July 2021, Indonesian President Joko Widodo announced ‘emergency measures’ (in Indonesian called Pemberlakukan Pembatasan Kegiatan Masyarakat Darurat, or PPKM Darurat, which roughly translates to the Enforcement of Restrictions on Activities in Society) in a renewed effort to combat the COVID-19 pandemic in Indonesia.
For Indonesia, the month of April 2021 was particularly dominated by the arrival of Ramadan, the holy fasting month for the Muslim community. From the evening of 12 April 2021 Muslims fast (typically from sunrise to sunset) up to 12 May 2021. It is also known as a period of intensified praying and reading the Qur’an for the Muslim community as well as higher focus on generosity.
We detected a very positive development over the past two months. The number of new confirmed COVID-19 cases in Indonesia continued to decline heavily, a trend that began at the very start of February 2021. While on 1 February 2021, a total of 10,994 new COVID-19 infections were found, this number has almost halved as we enter April 2021 (see the chart below).
