Pantheon Macroeconomics

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  • Indonesia’s small April trade surplus was due to seasonals; a C/A surplus in 2026 is now possible…
  • …The big improvement in headline export growth was no fluke; the commodity lift will last till year-end.
  • We’ve raised our 2026 inflation forecast to 3.4%, but also lowered our 2027 call to 2.7%.

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Keywords for: 3 June 2026 Emerging Asia Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence