Reports suggest a positive forecast for the Indonesian economy.
The Indonesian economy is on the up thanks to economic growth and a buoyant stock market. According to a Forbes, an American business magazine focusing on finance and industry, the 50 richest Indonesians accrued a further USD 7 billion in 2016. Combining all these big players together accumulates a total pot of USD 99 billion.
Credit Suisse have stated that 49.3 percent of Indonesia’s wealth is controlled by the country’s richest one percent. Topping the charts are brothers Budi and Michael Hartono. Their recently increased shares in PT Central Bank Asia have helped spur their combined value to USD 17.1 billion according to Forbes.
This increase in wealth is filtering through as Indonesia’s middle class is growing. This alone paints a clear picture of the economy as this segment of the population has more disposable income to spend. Boasting industries from manufacturing to services, the property market will also play a role as people have more money to play with when it comes to choosing and fitting out their housing.
This growing wealth is contributing to this anticipated growth of the economy which is 0.2 percent higher than 2015 – from 4.8 percent to 5 percent. Additionally Indonesia’s stock market has increased by 13 percent in this year alone making it one of the region’s best performers.
The forecast is set to remain positive and 2017 is starting on a good footing. Property will follow suit in this growing economy making a great investment opportunity for astute investors.
