Indonesia: GDP growth to accelerate to 4.8% in 2022 – Standard Chartered

Economists at Standard Chartered predict an encouraging growth trajectory for Indonesia, as the economic indicators are seen improving in 2022.

Key quotes

“We expect GDP growth to accelerate to 4.8% in 2022 on a stronger domestic demand recovery.”

“We expect investment to rebound on resumption of corporate capex cycle, smelters, and infrastructure projects.”

“We expect inflation to peak at around 3.5% in Q3, before easing towards year-end.”

“We forecast the first BI rate hike in Q3, with a risk of an earlier hike should pressure on IDR increases.”