What is the comment given by the analysts of RBC Capital Markets on Indonesias economy?”
NEW YORK — Indonesia’s gross domestic product grew by 4% in the second quarter compared to the same period a year ago, Statistics Indonesia reported on Monday on its Web site. This was the slowest pace since 2003, but was slightly better than consensus estimates, said analysts at RBC Capital Markets. “Indonesia is less exposed to the global downturn that most other Asian economies and domestic demand appears to have held up well, with consumption and government spending recording solid year-on-year growth,” the analysts wrote in a note to clients. “Growth is likely to pick up in coming quarters, suggesting last week’s policy rate cut by the central bank represents the end to its easing cycle.” Jakarta’s JSX Composite stock index rose 1.7% on Monday. The index has rallied 76% this year. Copyright © 2009 MarketWatch, Inc.
Indonesia’s gross domestic product grew by 4% in the second quarter compared to the same period a year ago, Statistics Indonesia reported on Monday on its Web site. This was the slowest pace since 2003, but was slightly better than consensus estimates, said analysts at RBC Capital Markets. “Indonesia is less exposed to the global downturn that most other Asian economies and domestic demand appears to have held up well, with consumption and government spending recording solid year-on-year growth,” the analysts wrote in a note to clients. “Growth is likely to pick up in coming quarters, suggesting last week’s policy rate cut by the central bank represents the end to its easing cycle.” Jakarta’s JSX Composite stock index rose 1.7% on Monday. The index has rallied 76% this year.
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What is the comment given by the analysts of RBC Capital Markets on Indonesias economy?”