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Monday, 15 Safar 1441 / 14 October 2019

Fitch: Indonesia could reach sustainable growth

Senin 04 May 2015 11:37 WIB

Red: Satya Festiani

Fitch Ratings

Fitch Ratings

Foto: topnews.in

REPUBLIKA.CO.ID, JAKARTA -- Fitch Ratings has identified low commodity prices and structural reforms as two new positive risk factors for Asia-Pacific (APAC) in its latest edition of the APAC Risk Radar.

Lower oil prices in particular, are seen as supportive to growth and consumption for the region's economies. Reforms announced by countries such as India and Indonesia, could lead to improved prospects for sustainable growth if they are implemented successfully.

The risks associated with a further, more abrupt slowdown in China's economic growth has been given greater urgency. Although it is not Fitch's base case, a disorderly correction of China's real estate market has the potential to trigger a hard landing scenario.

Elsewhere in APAC authorities have deployed different macro-prudential measures to rein in their respective residential real estate markets. In some markets prices have continued to climb, and the concern over a real estate market correction is reflected in the increase in urgency in this risk factor, although the likely impact to ratings remain unchanged from Fitch's previous assessment.

Uncertainties about the outlook for growth in the world's largest economies remain the biggest source of risk for APAC. This includes slowing growth in China, and potential weakness in major economies that could increase foreign funding risks for Asia's emerging markets.

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