Business Data
Indonesia freight transport report Q3 2012 : includes 5-year forecasts to 2016
We have trimmed back our growth forecast for the Indonesian economy this year, as global and Asian regional growth rates come down, reducing demand for the country's exports. We still believe that the country has solid domestic fundamentals which, to some extent, protect it from the gloomier outside climate. These include strong consumer spending and growing investment in infrastructure. Rising living standards and a growing middle class help support the freight transport industry. BMI now forecasts 2012 GDP growth of 5.4% (down from our earlier 5.8% forecast). Our outlook for 2013 is for growth to accelerate again to 6.3%. In the five years to 2016 we expect growth to average 6.2% per annum, confirming the country as a regional outperformer.