Indonesia is likely to have swung back to a trade deficit in July, which would snap a two-month streak of trade surplus, as the country’s exports and imports are seen plunging amid broader weakness in global trade, a Reuters poll showed on Tuesday, August 13.
The median forecast from 13 economists in the poll was for a $420 million trade deficit last month, compared with a $297.3 million revised surplus in June.
“It’s more due to the effect of a continued slowdown in the global economic growth,”...
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