Co-founder & Managing Director, Marketnomix 

Rajan Govil

Co-founder & Managing Director

Marketnomix 

Macroeconomics

<ul><li>Growth in 3Q2016 was largely driven by household expenditure while investment continued to slow. Government spending declined in 3Q2016.</li><li>Recent revenue shortfalls and consequent expenditure cuts by the government could impact growth prospects in the coming months; lower collections from tax amnesty scheme will likely add to fiscal woes.</li><li>With inflation expected to stay within Bank Indonesia’s target range of 3-5% in the near term, the central bank is likely to maintain an easing bias.</li></ul>

Growth in 3Q2016 was largely driven by household expenditure while investment continued to slow. Government spending declined in 3Q2016.Recent revenue shortfalls and consequent expenditure cuts by the government could impact growth prospects in the coming months; lower collections from tax amnesty scheme will likely add to fiscal woes.With inflation expected to stay within Bank Indonesia’s target range of 3-5% in the near term, the central bank is likely to maintain an easing bias.

Bank Tabungan Pensiunan Nasional (BTPN IJ)

PT Nippon Indosari Corpindo Tbk. (ROTI) (ROTI IJ)

Sinar Mas Agro Resources and Technology Tbk PT (SMAR IJ)

Sinar Mas Agro Resources and Technology Tbk PT

Bentoel Internasional Investama (RMBA IJ)

Batavia Prosperindo Internasional (BPII IJ)

Bank China Construction Bank Indonesia (MCOR IJ)

Marketnomix Insights : Indonesia