Global geopolitical tensions and the outcome of the US elections loom over South-east Asia’s largest economy, posing risks to its economic momentum
[JAKARTA] Indonesia’s economy likely maintained a steady upward trajectory with analysts projecting third-quarter growth between 4.9 and 5.05 percent, driven by robust demand and increasing investment.
This stable performance – according to economists surveyed by Bloomberg – is setting a solid foundation for newly inaugurated President Prabowo Subianto, who aims to nearly double this growth to an ambitious 8 percent average over his next five years in office.
Lavanya Venkateswaran, senior Asean economist at OCBC, noted that Indonesia’s third-quarter growth closely mirrors its second-quarter performance of 5 per cent, reflecting consistent growth momentum. The bank projects third-quarter growth to be between 4.9 per cent and 5 per cent.
