PT. Cekindo Bisnis Grup, Indonesia – Global Accounting Alliance Member
Indonesia is an archipelago of 250 million people and the fourth most populous country in the world. With its increasing young generations, growing middle class, and rising income levels, Indonesia has high demand for consumer goods and services sector.
It is expected that Indonesia’s economic growth will be modest because of the Rupiah depreciation, capital outflows, trade expansion, and current account deficits as well as the impact of the presidential election.
Indonesia’s presidential election causes many investors to stay alert and adopt a wait-and-see approach. As a result, in order to boost the economy’s growth, the government will rely on local investment and household spending in 2019. The Ministry of Social Affairs has also increased a social assistance budget of IDR 381 trillion in 2019. It is up 33% from the previous year of IDR 287 trillion to increase consumer spending.
The current economic situation may well be the right time for investors to invest in the country, especially in its financial instruments. The undervalued Indonesian stocks and securities will attract a lot of investors. As a projection, Indonesia offers strong economic fundamentals that focus on the growth of the middle-class and fuel the consumer spending growth in the country. There will be short-term effects and uncertainty created by the presidential elections as we saw in the previous elections as well. However, both situations make Indonesia the best choice for investors.
Cekindo as a part of Incorp Group is a leading consulting company that provides one-stop business services to worldwide clients who intend to operate in or expand to Indonesia and further to Asia Pacific.
Having been in the industry for almost 10 years, Cekindo is the trusted counselor, advisory firm, and business partner to many business leaders and any-size organisations across all geographies and industries.
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