Indonesia Economic Quarterly, June 2010 : Continuity Amidst Volatility
The Indonesian economic quarterly reports on and synthesizes the past three months' key developments in Indonesia's economy. It places them in a longer-term and global context, and assesses the implications of these developments and other...
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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/489941468269098179/Indonesia-economic-quarterly-continuity-amidst-volatility http://hdl.handle.net/10986/30837 |
| Summary: | The Indonesian economic quarterly
reports on and synthesizes the past three months' key
developments in Indonesia's economy. It places them in
a longer-term and global context, and assesses the
implications of these developments and other changes in
policy for the outlook for Indonesia's economic and
social welfare. Its coverage ranges from the macro economy
to financial markets to indicators of human welfare and
development. It is intended for a wide audience, including
policy makers, business leaders, financial market
participants, and the community of analysts and
professionals engaged in Indonesia's evolving economy.
Through an uncertain environment, Indonesia's economy
continued to consolidate its recovery from the global
economic and financial crisis. As expected, growth moderated
in the first quarter of 2010, but remained above pre-crisis
averages, and appears to have accelerated in the second.
Price growth remained relatively modest for the most part,
supporting consumers' spending power. International
financial flows remained large but volatile, continuing to
challenge policy makers. Further large flows in March and
April into liquid Indonesian financial assets reversed
during the volatility in global financial markets in May.
But the authorities appear to have managed this well and the
impact on local financial markets was comparatively small.
The economy is expected to gradually accelerate through
2011, largely due to domestic demand. The renewed volatility
in global financial conditions and uncertain developed
economy outlook has increased the near term downside risks
to forecasts, while domestic political developments appear
to be increasing the longer-term risk that the government
falls short of its ambitious reform agenda required to lift
growth above 7 percent by mid-decade. |
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