Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Indonesia’s economy likely grew by a steady 5.00% in the third quarter of 2025, supported by strong household spending, investment, and a temporary boost in exports ahead of new U.S. tariffs, according to a Reuters poll. The survey of 22 economists conducted between October 27 and November 3 estimated GDP growth at 5.00% year-on-year, just below the 5.12% recorded in the previous quarter. On a quarterly basis, GDP growth likely slowed to 1.40% from 4.04% in Q2, with official figures set for release on Wednesday.
Economists noted that government-driven investment and consumer spending were key contributors. “Investment and consumption driven by policy support is really the name of the game in Q3,” said Adam Ahmad Samdin of Oxford Economics. Retail sales climbed 4.7% in July and 3.5% in August—well above the 1.0% average rise in Q2—fueled by a 24.44 trillion rupiah ($1.5 billion) fiscal stimulus introduced in June, which included cash handouts and transport subsidies.
However, larger consumer sectors such as automotive sales remained weak. Jeemin Bang from Moody’s Analytics suggested that Indonesia could benefit more if fiscal policies targeted structural issues like youth unemployment and sluggish real wage growth.
Exports also played a role in sustaining momentum. Companies accelerated shipments to the U.S. before a 19% tariff took effect on August 7, while imports dipped in July and August before rebounding in September. “Goods exports continued to benefit from front-loaded shipments, while import growth was modest,” noted Radhika Rao of DBS Bank.
Looking ahead, Indonesia’s economy is projected to grow 4.9% in 2025 and maintain around 5.0% in subsequent years. Still, risks persist as domestic demand softens and exports face challenges from China’s uneven recovery. Despite Bank Indonesia’s 150-basis-point rate cuts since September 2024—with another 50 basis points expected by March 2026—growth momentum remains cautious for Southeast Asia’s largest economy.
