GO
Loading...

Enter multiple symbols separated by commas

Indonesia to Return to 7-8% Growth: Analyst

Indonesia's economy will eventually return to an annual growth of 7-8%, the rate it has managed before the onset of the Asian financial crisis, Tim Condon, head of research, Asia at ING Financial Markets, told CNBC.

“I think investors would really take to the Indonesian story in more of a determined way than just seeing it as just a good trading market," he added.

Liberal ex-general Susilo Bambang Yudhoyono was sworn in as Indonesia's president on Tuesday after winning a second five-year term with promises of economic growth and political reform.

“I don't think there is going to be a great deal of a market reaction to today's news (Yudhoyono’s inauguration),” said Condon.

“President Yudhoyono has kept politics off of the investor radar screens…(during) his first administration. I think in great hope that he will do that in his second administration and I think that's been reflected in the market.”

Contact Asia News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Asia Video

  • European sharing economy can grow rapidly: ING

    Ian Bright, senior economist at ING, discusses the findings of ING's latest survey which revealed that the sharing economy is poised for rapid growth in Europe.

  • What a 'Yes' vote means for Greece

    Richard Champion, deputy CIO at Canaccord Genuity Wealth Management, says Greece will see further instability in the short to medium term if the "Yes" camp wins Sunday's referendum.

  • A 'No' vote doesn't mean a 'Grexit': StanChart

    Manpreet Gill, senior investment strategist at Standard Chartered, says a "No" vote in Sunday's referendum will give Prime Minister Alexis Tsipras more bargaining power, but it doesn't necessarily means a "Grexit."