ANZ looks forward to the agreement being formally ratified in Parliament. The bank is well placed to take advantage of the inevitable growth in trade between the two nations and help connect customers in Indonesia with our home market in Australia.
While the Australian outlook is muted, both ANZ and OECD forecasts show growth in Indonesia is expected to remain at 5 per cent or above in 2019-20.
GDP growth in Indonesia has been resilient, an impressive result in an era of softness across global giants including the US, China, Japan and European Union. A closer look at Indonesia’s economy reveals room for upside in many of its GDP drivers.
ANZ first established its presence in Indonesia in 1973. The business continues to play an important role in the bank’s institutional strategy, combining a global network with local insights to support our customers’ needs.
Vishnu Shahaney is Indonesia Chief Executive Officer at ANZ
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