Category: IFGP Digest

Macroeconomic Monitor December 2024 – Looking Back, Moving Forward: Macroeconomic Insights at the End of 2024 and What to Expect at the Start of 2025

The United States economy in late 2024 showed signs of cautious optimism. Consumer confidence improved, reaching 111.7 in November, supported by labor market strength. Manufacturing stabilized, with PMI at 49.7, and inflation remained at 2.7% year-on-year. The Federal Reserve’s rate cut to 4.25%–4.5% balanced growth with inflation control, though it caused market fluctuations, including rising […]

Macroeconomic Monitor November 2024 – Global and Domestic Overview: Resilient Growth, Inflation Trends, and Policy Shifts Across Key Economies

The US economy experienced a slight slowdown in Q3 2024, with GDP growth at 2.8% QoQ (down from 3.0% in Q2), driven by robust consumer and government spending despite declining private investment and higher import growth. Manufacturing remained in contraction with the PMI at 48.5 in October, as industrial production and durable goods orders continued […]

Macroeconomic Monitor October 2024 – The World After Rate Cuts: Declining Consumer Confidence and Disruptions in Middle-Class Spending

Globally, United States consumer confidence weakened significantly to pessimistic region in September 2024, with the Consumer Confidence Index falling to 98.7 from 105.6 in August 2024, marking the largest drop since August 2021. Concerns about job security, reduced hours, and fewer job openings contributed to the decline. Meanwhile, US Purchasing Manager’s Index indicates a third […]

Macroeconomic Monitor August 2024 – Global Economic Uncertainty: Balancing Growth and Risks Across Major Economies

The U.S. economy is growing steadily, but inflation is easing slightly, indicating the impact of ongoing Federal Reserve policies. The labor market is showing signs of slowing, which could affect future spending. The Eurozone is seeing modest growth, but Germany’s economic difficulties and slowing manufacturing are causing concerns. Inflation is rising slightly, and overall economic […]

Fenomena Penurunan Kelas Menengah di Indonesia: Brief Overview dari Dampak pada Sektor Asuransi

Jumlah populasi dan daya beli kelas menengah Indonesia terus tergerus pada periode pasca-pandemi. Hal ini ditunjukkan oleh penurunan proporsi kelas menengah dan peningkatan proporsi calon kelas menengah dan rentan serta menurunnya kontribusi konsumsi kelas menengah terhadap keseluruhan konsumsi masyarakat. Fenomena ini memiliki implikasi yang besar terhadap industri asuransi jiwa dan asuransi umum. Salah satu dampak […]

Snapshot of ESG Investing in Indonesia’s Stock and Bond Market

• ESG-related stock indices in Indonesia, such as the IDX ESG Leaders and SRI-KEHATI, do not always perform better than the overall market both in terms of earnings (ROE) and price (cumulative price change and 12M trailing price performance). However, they have lower overall ESG risk which may serve as a useful hedge against long-term […]

Indonesia-China Economic Relationship: How to Mitigate the Potential Downturn?

China is expected to experience an economic slowdown in the years to come, stemming from several factors including but not limited to high debt burden, property crisis, intensifying government control, and aging population. Given the entanglement to the Chinese economy in terms of international trade and investment, Indonesia must pursue new growth avenues in the […]

Navigating Turbulent Waters: The Shipping Industry and Global Economic Uncertainty

The conflict in the Middle East has flared up once more. On April 14th 2024, Iran launched an attack on Israel as retaliation for Israel’s attack on their embassy earlier in April. The escalation intensified geopolitical tensions in the region following the Red Sea crisis caused by Houthi rebels earlier this year. The escalating tensions […]