{"id":586390,"date":"2026-08-07T21:52:14","date_gmt":"2026-08-07T21:52:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/586390\/"},"modified":"2026-08-07T21:52:14","modified_gmt":"2026-08-07T21:52:14","slug":"indonesia-modest-growth-outlook-standard-chartered","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/586390\/","title":{"rendered":"Indonesia: Modest growth outlook \u2013 Standard Chartered"},"content":{"rendered":"<p>Standard Chartered\u2019s Aldian Taloputra notes Indonesia\u2019s Q2 GDP grew 5.3% year-on-year, slowing from 5.6% but beating consensus. Stronger-than-expected H1 data leads the bank to raise its 2026 GDP forecast to 5.3%. However, a weak recovery in formal-sector employment and cautious private-sector investment suggest growth will remain modest, with government programmes and household consumption offsetting subdued external demand.<\/p>\n<p>Growth beats but headwinds persist<\/p>\n<p>&#8220;Indonesia\u2019s GDP growth slowed to 5.3% y\/y in Q2 from 5.6% in Q1 but beat market expectations of 5.1%. While a slowdown was expected as one-off factors such as Eid spending and the harvest season faded, Q2 GDP still expanded faster than in 2025.&#8221;<\/p>\n<p>&#8220;We raise our 2026 <a href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">GDP<\/a> growth forecast to 5.3% from 5.2% given stronger-than-expected H1 growth. We maintain our view that growth will remain modest, averaging 5.2% in H2, amid a weak recovery in formal-sector employment and still-cautious private-sector investment.&#8221;<\/p>\n<p>&#8220;Despite ongoing job creation \u2013 the unemployment rate fell to 4.65% in May from 4.74% in November 2025 \u2013 formal-sector jobs, which typically offer better income security, fell to 40.7% of total employment from 42.3% over the same period.&#8221;<\/p>\n<p>&#8220;We believe government priority programmes (including free meals, village cooperatives, social spending and infrastructure) and still-relatively healthy household consumption will support near-term growth.&#8221;<\/p>\n<p>&#8220;This should help to offset subdued external demand and still-cautious private-sector activity.&#8221;<\/p>\n<p>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. <a href=\"https:\/\/www.fxstreet.com\/info\/how-fxstreet-uses-ai?utm_medium=internal&amp;utm_source=ai-disclaimer\" rel=\"nofollow noopener\" target=\"_blank\">Know more.<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"Standard Chartered\u2019s Aldian Taloputra notes Indonesia\u2019s Q2 GDP grew 5.3% year-on-year, slowing from 5.6% but beating consensus. Stronger-than-expected&hellip;\n","protected":false},"author":2,"featured_media":586391,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-586390","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/586390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=586390"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/586390\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/586391"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=586390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=586390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=586390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}