Indonesia continues to record GDP growth in the July – September period, again beating previous quarters. Yet growth is slightly below forecasted, and future outlook is uncertain.
China’s GDP grew by 3.9% (YoY) in Q3 2022
Aided by various government measures, especially the easing of COVID-19 restrictions, China’s GDP advanced 3.9% year-on-year in Q3 2022, surpassing the market forecast of 3.4% and rising from the GDP growth of 0.4% in the previous quarter.
Vietnam’s GDP grew 13.67% (YoY) in the third quarter of 2022
Vietnam’s GDP grew at 13.67% (YoY) in the third quarter of 2022, largely helped by a rebound in the manufacturing sector and a low base effect.
Indonesia’s GDP grew 5.44% (YoY) in Q2, beating analysts’ expectations
Beating the forecasted 5.17% growth, Indonesia’s GDP grew by 5.44% in the second quarter of the year, the fastest increase in four quarters. Meanwhile, compared with the first quarter of the year, the second quarter showed even greater growth, highlighting the trend of the economic recovery in Indonesia.
China’s GDP slowed sharply to 0.4% (YoY) in Q2 following lockdowns and global inflation
China’s GDP declined sharply in Q2 to 0.4% (YoY). Apart from the first quarter of 2020 during the initial covid outbreak, this quarter registered the slowest growth since the data series first started in 1992. The decline can primarily be attributed to the aftermaths of widespread lockdowns imposed under March and April.
Vietnam’s GDP grew 7.72% (YoY) in the second quarter of 2022, the highest in 10 years
Vietnam’s GDP grew at 7.72% (YoY) in the second quarter of 2022, the highest rate for the same quarter since 2011. The significant growth was driven by accelerating manufacturing activity and a recovery in service output.
Indonesia’s GDP grows 5.01% in Q1 2022, fueled by a boom in exports
Indonesia’s economic growth remained stable in Q1 2022, as COVID-19 restrictions were further loosened. The recovery in consumption, investment, and exports contributed to the growth in the quarter.
China’s GDP grew 4.8% year-on-year in Q1, 2022, beating previous expectations
Despite lengthy COVID lockdowns in March in key regions such as Shanghai, data released by the Chinese National Bureau of Statistics shows the country’s GDP gained a 4.8% growth (YoY) in the first quarter of 2022, up from a 4% growth (YoY) in the fourth quarter 2021.
Vietnam’s GDP eased to 5.03% (YoY) growth in the first quarter of 2022
GDP growth of Vietnam slightly dipped to 5.03% (YoY) in Quarter 1 2022, slowing from the 5.2% growth registered the Q4, 2021. Nevertheless, the continued loosening of Covid-restrictions has aided economic activity in the quarter.
Investment Outlook Report: Indonesia, 2022
Indonesia provides an attractive destination for investments thanks to its natural resources, strategic location, and large population. In the past two years, Indonesia’s sustained an increase in FDI realization despite the pandemic, which has proven that foreign investors’ interest in the country remains intact.
