Pantheon Macroeconomics

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12th Apr 2022 00:10Emerging Asia, Daily Monitor

Retail sales growth in Indonesia moderated only modestly in February, in the face of Omicron.

The levels catch-up remains intact, but growth will sag further, as inflation now is hitting confidence.

Job market slack will keep real incomes in the red; unemployment will fall only as far as 6% this year.

January real incomes retail sales retail sales growth sales growth vat wage growth

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Keywords for: Catch-Up Spending in Indonesia isn't Over, but Growth will Roll Over

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