Bisnis.com, JAKARTA — Goldman Sachs Group Inc. has followed Morgan Stanley’s bearish pivot in downgrading Indonesia’s stock market rating from overweight to market weight, according to a Bloomberg report on Monday (10/3/2025).
This decision was made as Goldman Sachs revised its projection for Indonesia’s budget deficit, increasing it from the previous estimate of 2.5% to 2.9% of GDP in 2025.