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.”