
Macro - Country Economic Forecasts - Indonesia
Description
Macro - Country Economic Forecasts - Indonesia
We have maintained our Indonesia 2022-2023 GDP growth forecasts at 5.7% following downgrades in February and March. Domestic prices are rising in line with our expectations, with a partial feed through of higher global energy and food prices. As mobility restrictions are eased, we expect a continued recovery in domestic demand, if prices don't surge much beyond our baseline forecast.
We have maintained our Indonesia 2022-2023 GDP growth forecasts at 5.7% following downgrades in February and March. Domestic prices are rising in line with our expectations, with a partial feed through of higher global energy and food prices. As mobility restrictions are eased, we expect a continued recovery in domestic demand, if prices don't surge much beyond our baseline forecast.
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