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macroAug 7, 2026, 5:33 PM

Indonesia Q2 GDP Growth Beats Forecasts, Standard Chartered Lifts 2026 Outlook

Indonesia's economy expanded 5.3% year-on-year in Q2, surpassing consensus despite a slowdown from the previous quarter, prompting Standard Chartered to raise its 2026 GDP forecast.

Indonesia's gross domestic product grew 5.3% in the second quarter compared to a year earlier, according to Standard Chartered economist Aldian Taloputra. The pace slowed from 5.6% in the first quarter but came in above market expectations.

Stronger-than-expected first-half data led the bank to upgrade its 2026 GDP forecast. The report highlights resilient domestic demand, though the deceleration signals a gradual cooling.

Source: FXStreet Forex News