Key View

• Over-the-top (OTT) video players continue to gain market share at the expense of traditional pay-TV operators, which have been adopting a multi-platform but mobile-first approach in developing their services.
• As with other Asian markets, possessing a large catalogue of local/localised content and programming will be key in gaining

Key View

• We forecast that the Indonesian government will record a fiscal deficit of 2.5% of GDP in 2020 (revised from 1.8% previously) which is wider than the 2.2% recorded in 2019.
• Our forecast is based on a more conservative view on the government’s ability to widen its revenue base, amid rising headwinds to the economy from the Covid-19

Key View

• Economic expansion and rising real demand for medical devices will support import growth.
• Easing of economic growth in Singapore, Indonesia's leading medical device export destination, will threaten export performance.
• Indonesia's medical device trade deficit will remain large compared to other Asian markets.

Key View:

• Our outlook towards Indonesia’s upstream sector remains pessimistic, as domestic crude oil and natural gas production declines and investments in new projects stall.
• Contributing to Indonesia’s diminishing appeal as an upstream market has been limited progress of reforms in the sector, needed to alleviate above-ground risks and

Key View

• Indonesia’s economy grew by an annual average of 5.00% in 2019 after real GDP rose by 4.97% y-o-y in Q419. The growth rate in Q419 was the slowest in 12 quarters with sluggishness across all key components driving the deceleration.
• We at Fitch Solutions continue to expect the Indonesian economy to pick up slightly to 5.1% in 2020

Key View

• High-growth potential of Indonesia’s pharmaceutical market represents a significant opportunity.
• Additional health insurance premium increases are likely in the near future.
• Government support for the provision of medical services reinforces the positive outlook for healthcare providers.

Indonesia represents a significant

Key View

• Bank Indonesia (BI) kept their interest rates on hold at 5.0% at their December meeting, but we at Fitch Solutions forecast BI will cut the benchmark 7-day reverse repurchase rate by 50 basis points (bps) in 2020 to 4.50%.
• We expect consumer price inflation to remain within the BI’s target range of 2-4% and as such this will provide

Key View

• Real GDP in Indonesia grew by 5.02% y-o-y in Q319; only slightly weaker than 5.05% in Q219.
• We at Fitch Solutions expect activity to pick up slightly in Q419 as the new government restarts public works that had been halted during the time of transition.
• In line with a weaker-than-expected growth performance, we at Fitch Solutions

Key View

• Indonesia’s power generation and transmission sector will be the primary driver of growth of the overall energy and utilities sector, supported in the short-term by President Joko Widodo’s 35,000MW plans and in the long-term by the expected increase in population.
• Among the different fuel types, coal is expected to outperform, given

Key View

• Indonesia's decision to bring forward the 2022 ban on nickel ore exports reinforces the country's reputation of high policy uncertainty and poor mining operating environment.
• We believe the country will find limited success in becoming Asia's lithium battery and electric vehicle hub, due to a lack of sufficient technical expertise