Indonesia Can Weather the Storm
Indonesia Can Weather the Storm

Indonesia Can Weather the Storm

Indonesia Can Weather the Storm

The International Monetary Fund said the Indonesian economy will remain stable in the medium term, and expects the country to be able to weather easily increasing uncertainties in the global economy thanks to prudent fiscal and monetary policies and an effective reform in its bureaucracy.
The Indonesian government has so far managed to maintain strong economic growth, low inflation and healthy current account deficit, according to an end-of-mission statement from the IMF released on Thursday, NewsNow reported.
These would serve Southeast Asia’s biggest economy well, especially against risks from policy uncertainties in the United States under the new administration of Donald Trump next year, tight financial conditions globally, slower-than-expected growth in China and a renewed fall in commodity prices.
“The authorities have skillfully navigated the changing currents in international economy,” Luis E. Breuer, IMF Article IV Mission to Indonesia’s team leader, said in a statement.
The latest report from Indonesia’s statistics agency said its economy expanded 5.02% in the third quarter this year, a dip from 5.19% in the previous quarter. The government and the central bank expect a 5% full-year growth in 2016 and 5.1% next year.
Inflation stood at 3.31% in October with an average of 3.58% in January-October, lower than the 4% target in the 2016 revised state budget.
Indonesia’s current account deficit reached $4.5 billion in the third quarter—about 1.8% of its GDP—lower than the $5 billion in the previous quarter, reducing the country’s dependency on financing from abroad.


Short URL : https://goo.gl/mvhN8B
  1. https://goo.gl/8CXc4E
  • https://goo.gl/xxQ93e
  • https://goo.gl/za1MZE
  • https://goo.gl/1b57tx
  • https://goo.gl/uZJi0I

You can also read ...

More and more Thai merchants are integrating WeChat Pay and Alipay’s systems to cater to tourists.
The internet has changed the way most people live. Through...
Cambodia’s economic outlook remains positive, but is subject to downside risks.
The IMF Managing Director Christine Lagarde expressed optimism...
More India Bank Frauds Revealed
Over 25,800 fraud cases involving about Rs179 crore ($1.79...
Qatar Calls to Investigate UAE Bank’s Bogus Deals
Qatar has asked US regulators to investigate the US subsidiary...
Free trade achieves more good for the planet.
US President Donald Trump’s steel tariffs have brought the...
Morocco Currency Reform on Right Track
Few weeks after the launch of the gradual dirham float, the...
EU Readies Tax on US Technological Titans
The European Union will next week unveil plans for a digital...
Apparel imports from ASEAN are growing, spurred by low labor costs  in such countries as Vietnam.
Import prices for apparel and daily goods in Japan plunged...

Add new comment

Read our comment policy before posting your viewpoints