RHB Investor Gathering – Economic and Political Outlook Towards 2019 Election
Yesterday, we held an Investor Gathering with keynote speaker Mr. Faisal Basri, discussing Indonesia’s economic and political outlook towards 2019 election.
Mr. Basri sees a solid macroeconomic situation for Indonesia. There is risk in the fiscal deficit due to limited government revenue, but it is still manageable by lowering capital spending. Slower growth in households consumption is likely to be driven by shifting to saving from spending by consumers. Political condition is conducive with a high electability for President Joko Widodo. Overall, Indonesia’s democracy situation is more stable than its neighbouring countries.
Below are keys takeaways: