Economics
Jokowi Heads to 2018 With Backing of Stronger Indonesian Economy
- Government, economists predict fastest GDP growth in 5 years
- Foreign investment is picking up, inflation is subdued
Joko Widodo
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
Indonesia’s economy is in a stronger position as it enters 2018, bolstering President Joko Widodo as the nation gears up for elections.
Having notched up growth above 5 percent in every quarter so far this year, the economy is forecast by the government to expand 5.4 percent in 2018, which would be the fastest pace in five years. The median estimate in a Bloomberg survey of economists is for growth of 5.3 percent.