Indonesia Faces Some Economic Turbulence

Brian Lee, Economist, Maybank Investment Banking Group

20-Mar-25 07:30

Indonesia Faces Some Economic Turbulence

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This week, the Jakarta equity market experienced a sharp correction, down by 7% at one point. This is driven in part over the economic concerns over a budget deficit and weakening Rupiah. We speak to Brian Lee, an economist from Maybank Investment Banking Group about why the central bank decided to keep rates unchanged and what is his outlook for Indonesia's GDP.

Image Credit: Shutterstock.com

Produced by: Natalie Tan

Presented by: Wong Shou Ning, Philip See, Shazana Mokhtar

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Categories: economy, international, government, investments

Tags: indonesia economy, market crashes, indonesia's central bank, key interest rates, jakarta composite index,

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