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ING forecasts Indonesian GDP growth of 5.3% in 2022, with momentum slowing in 2023 as the commodity boom fades and inflation accelerates. Bank Indonesia projects 2023 growth between 4.7% and 5.5%, and trade surpluses from 2022 commodity prices are expected to narrow.
Fading commodity export revenue and slower trade momentum could pressure the rupiah, shaping the cost outlook for Indonesian feed and food importers.
think.ing.comJan 9, 2023Not enough comparable past events yet for a historical read.
After 51 past bearish macro events, Palm Oil moved a median -1.3% over 5 sessions (35% higher; middle half -4.1% to +1.1%), and -1.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
