BMI View: The Indonesian IT market is forecast to be one of the outperforming markets globally over the medium term, on the back of strong economic growth, a low PC penetration rate and an emerging middle class. Despite a downwards revision to BMI’s forecasts during Q413, following a slowdown in PC sales in Q113 and uncertainties about Indonesia’s economic outlook, we believe the market holds promise going into 2014 and beyond. The rupiah has depreciated in 2013, having a constraining effect on household spending, but BMI believes such effects will not be long lasting. In the immediate future, IT spending …
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