Indonesia: Current Account Deficit Will Widen
Country Risk / Indonesia / Tue 05 Mar, 2024
Key View
- Indonesia’s current account will likely remain in a deficit in 024. We forecast the shortfall to widen from 0.1% of GDP in 2023 to 1.1% in 2024.
- A weaker global economy will be the biggest threat to Indonesia’s export performance.
- The plateauing in Indonesia’s key commodity exports will also do little to support the country’s