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Views Article – Sharenet Wealth

Asia, Forex

Indonesia Q2 current account deficit widens, BOP swings to deficit

JAKARTA, Aug 9 (Reuters) – Indonesia’s current account deficit widened in the second quarter, sending the overall balance of payments into deficit, data from the central bank showed on Friday.

There was an $8.44 billion deficit in the current account, equal to 3% of GDP, in April-June, compared with a 2.6% gap the previous quarter, Bank Indonesia said.

The gap in the balance of payments was $1.98 billion in the second quarter, compared with a $2.42 billion surplus in the previous three months, BI said. (Reporting by Gayatri Suroyo and Nilufar Rizki Editing by Jacqueline Wong)


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