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Indonesia seen returning to trade deficit

Indonesia is likely to have swung back to a trade deficit in July, which would snap a two-month streak of trade surplus, as the country’s exports and imports are seen plunging amid broader weakness in global trade, a Reuters poll showed on Tuesday, August 13.

The median forecast from 13 economists in the poll was for a $420 million trade deficit last month, compared with a $297.3 million revised surplus in June.

“It’s more due to the effect of a continued slowdown in the global economic growth,” said Fakhrul Fulvian, an economist with Trimegah Sekuritas.

Southeast Asia’s largest economy has seen its exports and imports falling in recent months, except in June, when imports grew slightly.

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Source: Reuters

Poll

[totalpoll id="46691"]