INDONESIA
Analyst
Cyrillus Harinowo
Former Director Central BankRecent Country Insights
The start of the new government
INDONESIA · Report · 30 Oct 2024
On October 20, 2024, the changeover of the Indonesian presidency proceeded smoothly from President Joko Widodo to General Prabowo Subianto, who becomes the eighth President of Indonesia. The new president delivered a clear message of what will be the main objective of his presidency. The chang...
The start of the easing cycle
INDONESIA · Report · 27 Sep 2024
As the world knows, on September 18, 2024, the US Federal Reserve Open Market Committee Meeting (FOMC) decided to slash the Federal Funds rate by 50 basis points. That was the first step in the US Fed's easing cycle. One day prior to that decision, after convening for two days, Bank Indonesia als...
Independence Day 2024
INDONESIA · Report · 29 Aug 2024
The Indonesian economy posted another encouraging growth result for Q2 2024 at 5.05%, slightly below the 5.11% annual growth of Q1 2024. That rate of growth was achieved prior to the celebration of Indonesian Independence on August 17, 2024 in two venues: Jakarta and the new capital Nusantara, in...
Smoothing out the transition process
INDONESIA · Report · 29 Jul 2024
The Indonesian government is currently experiencing a lengthy and smooth transition period from the Joko Widodo presidency to that of the new leader, the incoming President Prabowo Subiyanto. During this period, the two leaders have seemed to show a deep understanding as to how to move the hand-o...
A feasible free lunch program
INDONESIA · Report · 25 Jun 2024
The Indonesian people are currently in the midst of waiting for the new government to unveil various programs that have been controversial for some time. One of the programs is the Free Lunch Program. Many Indonesians were initially skeptical about the Free Lunch Program. They thought the prog...
Encouraging growth
INDONESIA · Report · 29 May 2024
The Indonesian economy posted an encouraging result for Q1 2024 growth, at 5.11%, slightly above the 5.04% annual growth in Q4 2023. On a quarterly basis, the economy contracted by 0.83%, which followed the regular cycle. The fastest sector of growth in Q1 2024 was public administration and defen...
A definitive new president
INDONESIA · Report · 30 Apr 2024
Indonesia’s Constitutional Court made a ruling on April 22, 2024, rejecting the challenges from the losing presidential candidates for a re-run of the presidential election. With that ruling, the Election Committee made its final decision on the presidential election result, with Prabowo Subianto...
A sense of stability post election
INDONESIA · Report · 28 Mar 2024
The Indonesian Election Committee announced on March 20, 2024, that the President and Vice President-elect from the 2024 General Election were Prabowo Subianto and Gibran Rakabuming Raka. After this announcement, there is a process in the Constitutional Court that will decide whether the presiden...
Growing at a comfortable rate
INDONESIA · Report · 29 Feb 2024
The Indonesian economy posted another encouraging growth result, with Q4 2023 GDP at 5.04%, above the 4.94% annual growth for Q3 2023. Compared to the previous quarter, the Indonesian economy expanded by 0.45%, following the regular cycle. With the rate of growth for Q4 slightly higher than 5%, o...