Indonesia Economic Quarterly, October 2017 : Closing the Gap
Indonesia’s real gross domestic product (GDP) expanded by 5.0 percent yoy in Q2 2017, unchanged from Q1. Growth rates have been steady at around 5 percent since Q1 2014, lower than those recorded at the beginning of the decade. While this growth ra...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/738531523872783326/Indonesia-economic-quarterly-closing-the-gap http://hdl.handle.net/10986/29727 |
| Summary: | Indonesia’s real gross domestic product
(GDP) expanded by 5.0 percent yoy in Q2 2017, unchanged from
Q1. Growth rates have been steady at around 5 percent since
Q1 2014, lower than those recorded at the beginning of the
decade. While this growth rate places Indonesia among the
fastest-growing large economies in the world, the lack of an
acceleration is a matter of concern, considering the
favorable external environment and domestic policy reform
momentum. Government consumption is expected to increase in
2018, but deficits will remain contained due to enhanced
revenue performance linked to economic growth and tax
reforms. It is critical to maintain reform momentum as gaps
in physical and human capital, as well as institutional
quality, are still significant. The government has begun to
take measures, but accelerating the pace of private sector
investments to close the infrastructure gap with emerging
economies will require further efforts. |
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