Indonesia's upswing remains in good shape

Data published today show that Indonesia’s GDP growth eased to 5.8% y/y in Q3. The slowdown is due to one-off factors and is not a cause for concern. Economic growth will stay strong in coming quarters with investment leading the way. Fiscal consolidation will continue too, which will pull the government debt-to-GDP ratio lower and, we judge, bring an investment grade rating soon.

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