2020 Economic Outlook: Challenging, But Bleaker

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Summary

  • Economic indicators measuring Indonesia’s economic growth as a whole will generally slow down next year. They will affect the target set by the government
  • Household spending growth will get so much pressure from the implementation of various tariffs at the beginning of 2020, such as the increases in toll tariff rate and cigarette excise.
  • The export performance will barely change in the short term, following the unimproved global commodity price. The global economic slowdown will expectedly continue in 2020.

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