Indonesia Economic Quarterly, October 2015 : In Times of Global Volatility
The Indonesia Economic Quarterly (IEQ) has two main aims. First, it reports on the key developments over the past three months in Indonesia’s economy, and places these in a longerterm and global context. Based on these developments, and on policy c...
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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/449831542207545283/In-times-of-global-volatility http://hdl.handle.net/10986/30871 |
| Summary: | The Indonesia Economic Quarterly (IEQ)
has two main aims. First, it reports on the key developments
over the past three months in Indonesia’s economy, and
places these in a longerterm and global context. Based on
these developments, and on policy changes over the period,
the IEQ regularly updates the outlook for Indonesia’s
economy and social welfare. Second, the IEQ provides a more
in-depth examination of selected economic and policy issues,
and analysis of Indonesia’s medium-term development
challenges. It is intended for a wide audience, including
policymakers, business leaders, financial market
participants, and the community of analysts and
professionals engaged in Indonesia’s evolving economy. This
quarterly report covers the economic growth of Indonesia as
in October 2015. Indonesia’s growth moderation has continued
and an uncertain external environment has further limited
the room for both monetary and fiscal stimulus and has
turned the government’s focus to structural and fiscal
reforms to raise investor confidence in Indonesia. The
government recognizes the need to improve business
confidence and the investment climate in order to enhance
Indonesia’s potential growth rate and has taken several
important steps in this direction. In addition to the policy
packages, the draft 2016 State Budget signals the objective
of further improving the composition of public expenditures
by strengthening social programs and by redirecting spending
from energy subsidies to infrastructure development. Timely
and effective implementation of these reforms will
contribute to returning to a higher sustainable pace of growth. |
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