- Indonesia's GDP grew 5.61% YoY in Q1-26, the highest since Q3-22. While government consumption and FAI recorded above-average growth, net exports turned negative.
- Faster realization of government programs (especially free meals & village cooperatives) have contributed the main engine of growth, but also resulted in more imports.
- Government's decision to maintain current subsidized fuel price limits fiscal space, potentially resulting in spending efficiency and/or raise yields in the future.
