Moody's: Indonesia's economy may lose momentum in the second quarter.

Moody's Analytics has stated that it expects Indonesia's GDP growth in the second quarter to slow down from 4.9% in the previous quarter to a year-on-year growth of 4.6%. The company mentioned in a report that this would be the weakest result since the September 2021 quarter when the COVID-19 lockdowns led to an economic contraction. Global trade tensions may put pressure on exports, while decreasing consumer confidence, slowing industrial activities, and high unemployment rates will weigh on the domestic economy. Moody's Analytics predicts GDP growth of 4.7% by 2025, which is lower than the government's target of 5%. The GDP data will be released on Tuesday.