- 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 momentum is mixed.
- China’s economic growth is slowing down, with continued struggles in the manufacturing sector due to weak demand and investment. Despite challenges, the government remains optimistic about hitting its full-year growth targets.
- Indonesia’s Q2 2024 GDP growth is slightly lower than the previous quarter (year-on-year basis), Indonesia experienced deflation in July 2024 for the third consecutive month, recording deflation of 0.18% (monthly basis/ MoM), Indonesia’s unemployment rate was recorded the highest among ASEAN countries, Bank Indonesia decided to maintain the benchmark interest rate at 6.25%, while successfully attracting foreign flows through BI Rupiah Securities (SRBI).
Toward Stronger Financial Industry in Indonesia