Research & Stock Picks

Economic Reports

09 January 2026

By

Samuel Daily Economic Insights 9 January 2026

Overview

Global economic conditions remain shaped by heightened geopolitical risks, rising defense spending, and uneven growth prospects across major economies. The United States’ push for a record military budget signals prolonged global security tensions that may spill over into commodity markets and capital flows. Indonesia enters 2026 with stronger external buffers, supported by a notable rise in foreign exchange reserves. Domestically, the government is accelerating its downstream industrial agenda as a core growth pillar. Energy security and resource governance remain central themes, with progress in oil lifting contrasted by persistent policy debate around extractive industries. Fiscal transparency has increased with the publication of the 2026 State Budget, highlighting ambitious revenue targets. Food security continues to dominate the political narrative, reinforcing state intervention in agriculture and land governance. The palm oil sector faces renewed regulatory pressure amid expanded enforcement actions. Institutional coordination between fiscal, monetary, and industrial policy will be critical as Indonesia navigates global volatility. Overall, macro stability is intact, but policy execution risks are rising.

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