Macro - Country Economic Forecasts - Indonesia

Macro - Country Economic Forecasts - Indonesia

We have significantly downgraded our 2023 GDP growth forecast for Indonesia by 0.8ppts to 5.7% from our February baseline. This mainly reflects a slower domestic demand recovery from Q2 onwards with the Russia-Ukraine war resulting in higher global energy and food prices, which will affect domestic prices despite subsidies. Still, our 2022 and 2023 growth forecasts remain above the historical trend and consensus as we see more room for domestic demand to run.

Indonesia: Weaker 2023 forecast reflects slower demand recovery
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Economic development
Structure of the economy
Balance of payments and structure of trade

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings