Macroeconomic Forecast Indonesia

August 2005 | Macroeconomic Forecasts

Indonesia's economy will strengthen this year, when we expect real GDP to expand by 5.7%, the fastest rate of growth since 1996. Strong investment will support growth despite weak consumer spending and net exports. The economy will expand 5.8% in 2006. Our panel of investment banks, plus the Asian Development Bank and International Monetary Fund, also expect Indonesia's economy to strengthen: it expects real GDP growth of 5.5% and 5.6% in 2005 and 2006 respectively. The government is forecasting growth of 6.0% this year and 6.0-6.5% next year.

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