Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Indonesia’s economy likely expanded at its slowest pace in nearly four years in the second quarter of 2025, as sluggish household spending offset gains from stronger exports, according to a Reuters poll of economists. The survey, conducted from July 25 to August 1 among 26 economists, estimated GDP growth at 4.80% year-on-year for April–June, down slightly from 4.87% in the first quarter. Official figures will be released Tuesday.
On a quarterly basis, GDP likely rebounded 3.70% after a 0.98% contraction in January–March. Economists point to waning consumer confidence, stagnant real wages, slowing industrial activity, and high youth unemployment as key drags on domestic demand. Retail sales fell 0.3% in April and rose just 1.9% in May, signaling muted consumption.
To support growth, the government announced a 24 trillion rupiah ($1.5 billion) stimulus in June, including cash handouts and transport subsidies. While exports jumped 11.29% in June, driven partly by accelerated shipments ahead of a proposed U.S. tariff hike (later reduced from 32% to 19%), analysts warn of indirect risks from weaker global trade and tariffs impacting Indonesia’s key partners.
Only 10% of Indonesia’s exports go directly to the U.S., but the ripple effects of trade tensions could pressure growth in the months ahead. Bank Indonesia cut interest rates last month to counter soft domestic demand and sluggish global trade, with Governor Perry Warjiyo signaling openness to further easing if needed.
A separate Reuters poll projects Indonesia’s economic growth at an average of 4.8% in 2025, near the lower bound of the central bank’s 4.6%–5.4% forecast range. This remains far from President Prabowo Subianto’s ambitious target of 8% annual growth during his five-year term, which began last year.
