Indonesia's economy is forecast to grow 5.7% annually this year, the first rise in economic growth rate in four years, according to the JCER. This is partly due to the end of the gasoline subsidy earlier this month by Indonesian President Joko Widodo, who took office in October last year.
The drop in oil prices will help improve the country's trade account balance. Moreover, remittances from Indonesia overseas workers, which account for roughly 10% of the country's GDP, will likely sustain the robust domestic demand.