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12 May 2026

International Economy

Indonesia’s GDP expanded by 5.61% YoY in 1Q26, the second-highest growth rate in ASEAN (Business Brief No.4266 Full Ed.)

คะแนนเฉลี่ย
•    Indonesia’s economy expanded by 5.61 percent YoY in 1Q26, marking the second-highest growth rate in ASEAN despite persistent global uncertainties, reflecting support from domestic demand and government stimulus measures.
•    KResearch views that the key factor to watch is not only short-term GDP growth, but also investment in future industries, particularly downstream industries, EV-related supply chains, and data centers, which are emerging as new drivers of Indonesia’s economy.
•    Although Indonesia still has stronger medium-term growth potential than many ASEAN economies, it continues to face pressure from Rupiah depreciation, elevated oil prices, and fiscal burdens. KResearch therefore expects Indonesia’s economy to maintain growth at 5.1 percent in 2026, unchanged from the previous year, though growth could slow to 4.6 percent should the Middle East conflict persist into the second half of the year.

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International Economy