Indonesia: Modest growth outlook – Standard Chartered
Standard Chartered’s Aldian Taloputra notes Indonesia’s Q2 GDP grew 5.3% year-on-year, slowing from 5.6% but beating consensus. Stronger-than-expected H1 data leads the bank to raise its 2026 GDP forecast to 5.3%.
Standard Chartered's Aldian Taloputra reports that Indonesia's Q2 GDP grew 5.3% year-on-year, surpassing consensus expectations but slightly slower than the previous quarter. The bank has raised its 2026 GDP forecast to 5.3%, despite a weak recovery in formal-sector employment and cautious private-sector investment. Government programs and household consumption are expected to support near-term growth and offset subdued external demand.
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