Indonesia’s economic growth slows in Q4
For all 2016, the country’s economy expanded by 5.02% when compared to 4.88% in 2015 and matched the forecasts.
In the fourth quarter, Indonesia’s household consumption rose 4.99% on a yearly basis while government spending was down by 4.05%.
President Joko Widodo had targeted a 7% growth rate for Southeast Asia’s biggest economy despite the obstacles set by lower commodity prices and weaker global demand. Economists expect the country’s economic growth to be stable at 5% for the following year.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Demand outlook for crude oil dims amid China worries
- Asian styrene prices rebound from almost two-year lows
- Turkey’s PE market on brink of new drops for December
- Signs of optimism in China PP and PE markets, but caution remains
- Egypt’s import PP, PE markets flat but domestic prices turn upwards in Nov
- PVC downturn enters 7th month, prices still far from pre-pandemic levels in Europe
- Aggressive US PE offers make a scene across global markets in Q4 after a hiatus of 2 years
- SEA cracker outages and lack of deep-sea cargoes underpin olefin prices in Asia
- US origin hammers import PVC prices into Asia
- China PE markets stay bearish with import prices below new thresholds