Research & Stock Picks

Economic Reports

20 January 2026

By

Samuel Daily Economic Insights 20 January 2026

Overview

Global macro conditions softened entering early 2026, with China’s growth momentum slowing and highlighting persistent structural and confidence-related challenges. While Beijing met its full-year growth target, weak domestic demand and property-sector stress continue to weigh on regional sentiment. In Indonesia, inflation dynamics remain closely tied to seasonal food patterns ahead of Ramadan, reinforcing the importance of supply-side management. Fiscal consolidation and reduced regional transfers have emerged as a key concern for subnational growth and household demand. Governance and institutional independence remain under scrutiny following political developments related to the central bank. Meanwhile, long-term structural initiatives, including healthcare infrastructure and transmigration programs, continue to advance. Energy transition efforts are increasingly supported by digital solutions, reflecting incremental progress rather than rapid transformation. External diplomacy and corruption investigations remain active in the political landscape. Overall, the policy mix reflects caution, execution focus, and selective structural investment amid global uncertainty.

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