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 ...

 An overwhelming 86% of Germans believe their economy is doing well, up from 75% last year.
Conditions for investors around the world are getting worse....
Greece Remains Under Supervision
Greece will remain under supervision after it exits its...
Tax Reform  Can Boost  US Economy
The American electorate is more than ready for Washington...
Pak GDP Growth Predicted at 10% Over 10 Years
Researchers from Harvard University’s center for international...
South Korea’s jobless rate has risen steadily in recent years.
South Korea’s unemployment rate has risen steadily in the past...
Britons have been borrowing heavily through personal loans and credit cards over the last 18 months.
Consumer borrowing grew at almost 10% in August, official...
Jordan Economy Continues to Grow
While the public sector continues to play a prominent role in...
China Rust Belt Opens Doors
Trucks carrying hi-tech car components rumble in and out the...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.