With estimates for Indonesia’s economic growth in 2016 being revised downward to 5.2% from 5.3% and Bank Indonesia not willing to cut rates just because inflation is low, a Deutsche Bank analyst recommends that investors stay Neutral risk in Indonesia and use the current strength in the market to selectively take profit. Viacheslav Shilin published his August 5 research piece titled “Indonesia macro trip notes: setting expectations high…again. Stay Neutral” after meeting with government officials and key quasi-sovereign entities to gauge whether the 12 economic packages introduced by the Indonesian president over the past year have impacted the economy.
Indonesia’s economic growth for 2016 now pegged at 5.2%
Shilin points out that on July 28, MoF revised the 2016 budget to adjust for the...
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