Indonesia’s economy expanded by 5.3% year-on-year in the second quarter of 2026, outperforming Societe Generale’s forecast of 5.1%, according to FX Street. This stronger-than-expected growth highlights Indonesia’s continuing economic resilience amid global uncertainties.
However, Societe Generale economist Kunal Kundu noted that while the headline GDP figure beat expectations, the underlying composition of the growth is less reassuring. This suggests that some sectors may not be contributing as robustly as the overall numbers imply, warranting a cautious outlook.
For Japanese investors and traders focused on Asian markets, Indonesia’s solid GDP growth underscores the country’s role as a key emerging market in the region, potentially influencing FX and equity flows linked to Southeast Asia.