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View all search resultsThe Indonesia Stock Exchange (IDX) Composite index is expected to rebound in the second half as easing MSCI concerns, fiscal stimulus and attractive valuations lift investor sentiment, but policy uncertainty and external risks could temper gains.
Indonesian airlines have expressed optimism that passenger figures on domestic routes are on track to get back to the pre-pandemic level in the first quarter of 2024, nearly a year faster than previously estimated.
"Some countries are now projected to grow faster, some countries are now projected to grow slower. What is the difference? It is primarily the speed and effectiveness of vaccinations and availability of fiscal space to act," said IMF chief Kristalina Georgieva.
Batavia Prosperindo Aset Manajemen has forecast the country's GDP growth to range from 0.5 percent to a 0.5 percent contraction, compared with the government’s projection of 2.3 percent growth this year, or a 0.4 percent contraction in the worst-case scenario.
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