0304 GMT - Indonesia's trade balance performance may remain volatile due to uncertainties surrounding the U.S. trade war, UOB economists Enrico Tanuwidjaja and Vincentius Ming Shen say in a note. Imports could be affected by the trade conflict and signs of weakening domestic demand since mid-2024, they flag. However, with government spending rising and robust foreign direct investment inflows, imports are likely to gradually increase due to higher domestic consumption and investment, they say. UOB expects Indonesia's trade surplus to reach approximately $38 billion this year, versus $31 billion last year, but notes downside risks to its forecast. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
February 17, 2025 22:05 ET (03:05 GMT)
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