The central bank (Bank Indonesia/BI) projects solid economic growth in the first quarter (Q1) of 2019, driven by domestic demand. It said the economy is expected to grow by 5.2% in Q1 this year, and to grow in the range of 5-5.4% this year.

Strong consumption growth is expected to persist on maintained public purchasing power and continuing fiscal stimuli, including social aid disbursements and election spending.

Investment has declined slightly in line with seasonal trends at the beginning of the year yet is predicted to regain momentum in subsequent periods, supported by improving business confidence and ongoing infrastructure development projects.