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A Bleaker Economic Picture Through the Balance of Payments

Monday, November 24, 2025

Capital flees as Indonesia’s external resilience frays. An early warning: a balance-of-payments crisis looms.

arsip tempo : 177077855348.

Illustration. TEMPO/Lukmannul Hakim. tempo : 177077855348.

INDONESIA’s economy is entering a more testing phase, and nowhere is this more evident than in the country’s latest balance of payments data for the third quarter of 2025, released Friday, November 21.

The balance of payments, unlike official assumptions or government surveys whose credibility has dimmed recently, offers the clearest and most unvarnished picture of the economy’s external health. It records every dollar that flo

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Yopie Hidayat

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