What about Indonesia?
- Asian Market
- 4 months ago
Is Indonesia still good investment location?
Damhuri Nasution, Head of Economic Research at the Danareksa Research Institute, has reported that Indonesian economy will grow at positive pace in late 2018 and 2019 based on strengthening of exports and investment. Exports are projected to rise disregarding the improving global economy, while investments are rising due to domestic infrastructure projects and Indonesia's improving investment climate. Meanwhile, household consumption and government spending are estimated to remain stable.
What will happen with IDR?
Regarding the rupiah, we believe that the currency will remain volatile and under pressure in the short/med-term because of monetary tightening in the USA and we cannot forget global trade worries (caused by worsening USA-China relations), and rising crude oil prices that put more pressure on Indonesia's current account deficit.