Johannes Salim, CFA

Macroeconomics

<ul>
<li>Indonesia's (Indo's) 4Q16 Current Account Deficit (CAD) has considerably improved to 0.8% of GDP, the first quarter since 1Q12 in which CAD/GDP ratio dropped below 1%.</li>
<li>Financial account remained in considerable surplus, mainly thanks to repatriation of assets following tax amnesty program and direct/portfolio investment remaining healthy.</li>
<li>Fundamentals of Balance of Payment (BOP) and subsequently forex reserves have strengthened.  </li>
</ul><p>Bank Indonesia (BI) released Indo's 4Q16 BOP last Friday (2/10)…</p>


Indonesia's (Indo's) 4Q16 Current Account Deficit (CAD) has considerably improved to 0.8% of GDP, the first quarter since 1Q12 in which CAD/GDP ratio dropped below 1%.
Financial account remained in considerable surplus, mainly thanks to repatriation of assets following tax amnesty program and direct/portfolio investment remaining healthy.
Fundamentals of Balance of Payment (BOP) and subsequently forex reserves have strengthened.  
Bank Indonesia (BI) released Indo's 4Q16 BOP last Friday (2/10)…