Pantheon Macroeconomics

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10th May 2022 00:10Emerging Asia, Daily Monitor

GDP growth in Indonesia was unchanged in Q1, at 5%, but quarterly growth slowed markedly.

A big pullback in government spending is to blame; fiscal consolidation is now well ahead of schedule.

The silver lining is that the Q1 dud in exports marks the low, and we see more to come from investment.

business surveys commodity prices construction construction investment cpi cpi report deficit exports gdp growth global growth government government spending household spending private consumption public consumption q1 q2 q4 surveys trade

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