EICN Singapore – Hot Spots: Indonesia

Falling global commodity prices and economic slowdowns in several major economies weighed on Indonesia’s external sector in 2023. However, the outlook going into 2024 is supported by our expectation of an increase in government spending. Ahead of the general elections in February 2024, fiscal policy was loosened as the incumbent administration undertook populist spending measures and offereds fiscal incentives, which will directly and indirectly (through a multiplier effect on private consumption) contribute to real GDP growth.

Indonesia is the sixth-biggest emerging market by GDP, and in the past decade has grown faster than any other $1trn-plus economy bar China and India. A source of dynamism is digital services, which are helping create a more integrated consumer market, with over 100m people collectively spending $80bn a year on everything from e-payments to apps for on-demand trucking.

What will the new administration look like? Will Prabowo, as most people expect, continue the policy direction from the Jokowi administration? What new features will he put on it? We will discuss:
– Economic and political outlook for Indonesia
– Business environment
– Foreign relations and trade
– Domestic consumption
– Industry spotlight


Maria Monica Wihardja

Assistant Professor at National University of Singapore

Noudhy Valdryno

Digital Media Coordinator, Prabowo-Gibran’s National Campaign Team (Tim Kampanye Nasional)

Sumana Rajarethnam

Director, South-East Asia of Economist Intelligence Corporate Network


8:00 AM – 8:30 AM Doors open and registration

8:30 AM – 9:00 AM Opening presentation

9:00 AM – 9:45 AM Panel discussion

9:45 AM – 10:00 AM Q&A

Event details


Four Seasons Hotel Singapore

190 Orchard Boulevard Singapore 248646

Meeting room details will be shared upon successfull registration


If you have any questions about this event, or joining our Singapore network please send an email to eicn_sea@economist.com.

Request to attend

Our events are typically closed-door and reserved for members only. As such, please note that guest spaces are extremely limited and subject to availability and suitability. To request to attend this event, please fill out the form below and a member of our staff will be in contact with you shortly.