IFGP Digest

Macroeconomic Monitor June 2026: Emerging Markets Currency Under Pressure, Threatening Inflation and Growth

United States (US): The US economy remained resilient through May 2026, although momentum was increasingly uneven across sectors. Real GDP expanded by 1.6% QoQ annualized in Q1 2026 and 2.6% YoY in Q1...

Macroeconomic Monitor May 2026 Growth Holds, but Policy Space Narrows Under External Pressures

The U.S. economy continued to demonstrate resilience in April 2026 despite mounting external and inflationary pressures. The Federal Reserve maintained its policy rate at 3.5%–3.75% for a third consec...

Macroeconomic Monitor November 2025: A Month of Mixed Signals and Selective Recovery

United States Recent data point to a U.S. economy that is still expanding but gradually cooling. On the activity side, S&P Global US Manufacturing PMI stood at 52.5 in October 2025, edging up f...

Macroeconomic Monitor October 2025: Steady Hands in Unsteady Winds

United States : The latest U.S. data suggest that economic momentum is beginning to soften, with manufacturing activity easing, the labor market showing early signs of stagnation, and inflationary pr...

When Trillions Nap in Banks: The Limits of Indonesia’s Liquidity Push

This paper takes a closer look at the government’s decision to place two hundred trillion rupiah in state-owned banks, noting that while the policy may prevent funds from remaining idle at the cent...