Indonesia Growth Slows as Energy Shock Bites – HSBC
HSBC strategists point to Indonesia’s solid GDP and contained inflation but warn that the energy shock is beginning to drag on economic activity and the external balance.
HSBC strategists note that Indonesia’s GDP remains solid and inflation is contained. However, they caution that the ongoing energy shock is increasingly weighing on economic activity and the balance of payments.
The warning suggests that external headwinds are starting to offset domestic resilience, potentially clouding the outlook for the rupiah and broader financial conditions.
Source: FXStreet Forex News