Indonesia's Q2 current account deficit narrows, balance of payments at US$9.2b surplus
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[JAKARTA] Indonesia's current account deficit in the second quarter narrowed slightly from the previous three months to US$2.9 billion, or 1.2 per cent of gross domestic product, according to a central bank report released on Tuesday.
The first quarter's current account gap was equal to 1.4 per cent of GDP.
The country had a US$9.2 billion balance of payments surplus in the April-June quarter, compared with a US$8.5 billion deficit in the first quarter.
Portfolio capital inflows returned in the second quarter after significant outflows at the beginning of the coronavirus pandemic, Bank Indonesia said in the report.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
