The central bank, Bank Indonesia (BI), reported on Friday last week (Nov. 9) that the current account deficit (CAD) increased in the third quarter (Q3) of 2018 in line with strengthening domestic demand. CAD was recorded at US$8.8 billion (3.37% of GDP), higher than the previous quarter’s deficit of US$8.0 billion (3.02% of GDP). Cumulatively up to Q3, the current account deficit was still within a safe threshold at 2.86% of GDP.
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