Indonesia: GDP growth edging down further – ANZ

ANZ analysts note that Indonesia’s GDP growth eased slightly further to 5.02% in Q3 from 5.05% in Q2, the softest reading in two years.

Key Quotes

“While net export growth picked up, this was more than offset by a pullback in domestic demand.”

“The soft Q3 outturn supports our view that Bank Indonesia’s (BI) easing cycle is not over yet. Even then, a rebound in global commodity prices or growth will be necessary for Indonesia’s growth to break out of its current range.”