Indonesia Economic Quarterly, September 2010 : Looking Forward
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/577811468048880367/Indonesia-economic-quarterly-looking-forward http://hdl.handle.net/10986/30838 |
| 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.
Indonesia's economy continues to record robust growth,
in contrast with the volatility and uncertainty
characterizing major economies globally. The robustness of
growth has allowed the policy focus to shift from near-term
uncertainty towards achieving the investments and reform
required to achieve sustained and strong growth over the
longer-term. Meeting the Government's target of over 7
percent growth by 2014 requires strong rises in investment,
particularly in infrastructure, and in skills and
productivity. Quarterly output accelerated in Q2, resulting
in year-on-year growth of 6.2 percent, the highest since the
onset of the global economic crisis two years earlier.
Domestic demand, particularly private consumption, underpins
the growth performance and has been associated with rising
imports, particularly for investment and intermediate goods.
Slow disbursement of government expenditures continue to act
as a drag on growth, but less so than in Q1.
Indonesia's trading partners also recorded stronger
growth than expected, although the overall contribution of
net external demand to growth was negative in Q2.
Correspondingly, domestic-oriented sectors outperformed
externally-oriented sectors. |
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