Indonesia GDP growth above expectations in 2018

In 2018 GDP growth was 5.17% YoY, while expectations were at 5.1%. We think this is an excellent result as country’s Central Bank was, due to external pressure, forced to hike interest rates 5 times during the year from 4.25% to 6% level.

2019 GDP growth is expected to accelerate to 5.3% YoY.