China slowdown: Global impact

Indonesian policymakers see minor impact on economy

According to projections by the Trade Ministry's research and development body, a 1 per cent decline in China's GDP will only reduce Indonesia's exports by only 0.02 per cent
According to projections by the Trade Ministry's research and development body, a 1 per cent decline in China's GDP will only reduce Indonesia's exports by only 0.02 per centPHOTO: REUTERS

Indonesian policymakers and businesses believe the impact of China's economic slowdown will be modest on South-east Asia's biggest economy.

Most of it will be in trade, as China was the biggest destination of Indonesian non-oil and gas exports last year, with outbound shipments totalling US$24.39 billion (S$33.27 billion), according to Statistics Indonesia.

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A version of this article appeared in the print edition of The Straits Times on January 29, 2019, with the headline 'Policymakers see minor impact on economy'. Subscribe