6 August 2024 Emerging Asia Monitor Capex bump spares Indonesia's blushes in Q2, but risks remain

Indonesian GDP growth barely changed in Q2, at 5.1%, despite the U-turn in election spend.
Capex was the main cushion on a quarterly basis, but dark clouds are still building over consumption.
The correction in food prices has run its course, but food disinflation still has plenty of room to run.

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