Building And Construction In Asia Pacific > Indonesia > Indonesia
We have cut our construction work done growth forecast for 2020 to 7% (from 9.5%) amid the pandemic’s effects (though moderate at this stage) on the domestic economy. We currently expect the impact on Indonesia’s property market to be limited, but this could change quickly given that disruptions appear to be accelerating by the day. Under the cloud of uncertainties, some business investment intentions and consumer property purchases will mostly be put on hold, as preserving capital/cash becomes a priority. This will see delays in ongoing projects and in new projects implementation, especially going into Q2 and possibly Q3.
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