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After Trump's tariffs
INDONESIA · Report · 30 Apr 2025

The world was shaken by the tariffs imposed by US President Trump. While they may take time to be fully implemented (if they are fully implemented) the news has hit exporters around the world, with the export performance of each country under close review to see how big the impact of these tariff...

Ramadan 2025
INDONESIA · Report · 31 Mar 2025

This report was written on the last day of Ramadan, the fasting month for the Muslim people. In Indonesia, the last two days were holidays, not because of Ramadan but because of the Hindu holiday, observed especially on Bali Island but which has become a national holiday. At the same time, Cathol...

So far, so good
INDONESIA · Report · 27 Feb 2025

In the midst of a deteriorating perception of Indonesia's economy, the country posted an encouraging Q4 2024 GDP growth result, at 5.02% Y/Y. This was higher than the 4.95% annual growth for the previous quarter. On a Q/Q basis, the Indonesian economy expanded by 0.53%, which followed the regular...

2024 Budget well executed
INDONESIA · Report · 31 Jan 2025

The Indonesian Ministry of Finance reported the performance of Indonesian Government Budget for the year 2024. The budget had faced a huge challenge due to the volatility of commodity prices, the general election and the transition to the new presidency. However, the Ministry of Finance reported ...

The economy continued robust into year-end 2024
INDONESIA · Report · 30 Dec 2024 · 1 response

As the year 2024 comes to a close, the Indonesian economy has continued robust as reflected by a number of indicators. The most important indicator, Indonesia's GDP, reported annual growth of 5.03% for the first three quarters of 2024. Even though the rate of growth in the third quarter reached j...

Growth remained strong
INDONESIA · Report · 29 Nov 2024

The Indonesian economy posted another encouraging growth result in Q3 2024, albeit lower than the previous quarter, at 4.95%. This was slightly below the 5.05% annual growth in Q2 2024. The 3Q rate of growth led growth for first three quarters of 2024 to 5.03%. Compared to the previous quarter, t...

The start of the new government
INDONESIA · Report · 30 Oct 2024

On October 20, 2024, the changeover of the Indonesian presidency proceeded smoothly from President Joko Widodo to General Prabowo Subianto, who becomes the eighth President of Indonesia. The new president delivered a clear message of what will be the main objective of his presidency. The chang...

The start of the easing cycle
INDONESIA · Report · 27 Sep 2024

As the world knows, on September 18, 2024, the US Federal Reserve Open Market Committee Meeting (FOMC) decided to slash the Federal Funds rate by 50 basis points. That was the first step in the US Fed's easing cycle. One day prior to that decision, after convening for two days, Bank Indonesia als...

Independence Day 2024
INDONESIA · Report · 29 Aug 2024

The Indonesian economy posted another encouraging growth result for Q2 2024 at 5.05%, slightly below the 5.11% annual growth of Q1 2024. That rate of growth was achieved prior to the celebration of Indonesian Independence on August 17, 2024 in two venues: Jakarta and the new capital Nusantara, in...

Smoothing out the transition process
INDONESIA · Report · 29 Jul 2024

The Indonesian government is currently experiencing a lengthy and smooth transition period from the Joko Widodo presidency to that of the new leader, the incoming President Prabowo Subiyanto. During this period, the two leaders have seemed to show a deep understanding as to how to move the hand-o...

A feasible free lunch program
INDONESIA · Report · 25 Jun 2024

The Indonesian people are currently in the midst of waiting for the new government to unveil various programs that have been controversial for some time. One of the programs is the Free Lunch Program. Many Indonesians were initially skeptical about the Free Lunch Program. They thought the prog...

Encouraging growth
INDONESIA · Report · 29 May 2024

The Indonesian economy posted an encouraging result for Q1 2024 growth, at 5.11%, slightly above the 5.04% annual growth in Q4 2023. On a quarterly basis, the economy contracted by 0.83%, which followed the regular cycle. The fastest sector of growth in Q1 2024 was public administration and defen...

A definitive new president
INDONESIA · Report · 30 Apr 2024

Indonesia’s Constitutional Court made a ruling on April 22, 2024, rejecting the challenges from the losing presidential candidates for a re-run of the presidential election. With that ruling, the Election Committee made its final decision on the presidential election result, with Prabowo Subianto...

A sense of stability post election
INDONESIA · Report · 28 Mar 2024

The Indonesian Election Committee announced on March 20, 2024, that the President and Vice President-elect from the 2024 General Election were Prabowo Subianto and Gibran Rakabuming Raka. After this announcement, there is a process in the Constitutional Court that will decide whether the presiden...

Growing at a comfortable rate
INDONESIA · Report · 29 Feb 2024

The Indonesian economy posted another encouraging growth result, with Q4 2023 GDP at 5.04%, above the 4.94% annual growth for Q3 2023. Compared to the previous quarter, the Indonesian economy expanded by 0.45%, following the regular cycle. With the rate of growth for Q4 slightly higher than 5%, o...

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