8 Aug 2022 Emerging Asia Monitor Don't Be Surprised if Indonesia Outdoes its Strong Q2 Performance

Miguel Chanco (Chief EM Asia Economist)5th Aug 2022 15:17Emerging Asia, Daily Monitor, Weekly Monitor

GDP growth in Indonesia surprised in Q2, as we predicted, accelerating to 5.4% year-over-year.

Consumers and traders were the star of the show, and it’s too soon to write-off the capex recovery.

The RBI opted for a larger-than-expected hike last week, even though it believes inflation has peaked.

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