Deutsche Bank: Book Profits For Indonesia As Growth Slows

With estimates for Indonesia’s economic growth in 2016 being revised downward to 5.2% from 5.3% and Bank Indonesia not willing to cut rates just because inflation is low, a Deutsche Bank analyst recommends that investors stay Neutral risk in Indonesia and use the current strength in the market to selectively take profit. Viacheslav Shilin published his August 5 research piece titled “Indonesia macro trip notes: setting expectations high…again. Stay Neutral” after meeting with government officials and key quasi-sovereign entities to gauge whether the 12 economic packages introduced by the Indonesian president over the past year have impacted the economy. Indonesia’s economic growth for 2016…