Recent reports from Indonesia's Bureau for Statistics suggested that global demand for the country's products, services and commodities remained weak compared with its Southeast Asian neighbors. Adding to this, there was strong domestic demand for exports in the oil industry, causing a trade deficit of US$3.31 billion within the past six months.

The Bureau for Statistics concluded that Indonesia's economic growth is on a slump. In the second quarter of the year, the country reached only 5.81% growth, which is Indonesia's lowest growth rate in almost three years. Analysts predicted that the country will perform better, but high inflation prevented the country to reach its targets.

Due to foreign investments shying away from opportunities in Indonesia, analysts believed that the local government's target gross domestic product growth of 6.3% was close to impossible. The central bank of the country lowered its growth forecast from a maximum of 6.6% down to 6.2%.

Other financial institutions such as Credit Suisse and the International Monetary Fund also lowered the country's economic forecast to under 6%.