Download or read book Indonesia Economic Quarterly December 2015 written by and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Indonesia Economic Quarterly December 2015 written by Weltbank and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 paper discusses about the economic conditions of Indonesia for the year 2015. Emerging market assets rebounded in October 2015 after the sharp losses recorded in August and September, when the uncertainty about the Chinese economic slowdown and the U.S. interest rate outlook was particularly high. Despite a more favorable market sentiment, capital flows to emerging economies have remained weak and borrowing costs relatively high. In addition to tight financing conditions, Indonesia faced subdued external demand for its exports in the near term and persistently low commodity prices over the medium run. In 2015, fire in Indonesia cost nearly twice that of reconstruction following the 2004 tsunami in Aceh. Agriculture and forestry have sustained losses and damages in trillions. Sustained exposure to haze could also lead to the volcano effect, i.e., a decrease in plant productivity in the short term due to limited sun exposure and a deleterious effect on plant physiology and photosynthesis. The recurring nature of Indonesia's fire crisis is of particular concern. Another potential step in Indonesia's new reform process was the country's signaling its intention to join the Trans-Pacific Partnership (TPP) agreement in the near future. Whether membership materializes or not, the agreement is likely to have a limited impact on trade, because import tariffs in member countries are already low and Indonesia has trade agreements with most of them.

Download or read book Indonesia Economic Quarterly October 2015 written by Weltbank and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Indonesia Economic Quarterly October 2015 written by World Bank Group and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Indonesia Economic Quarterly March 2015 written by and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Indonesia Economic Quarterly July 2015 written by and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Indonesia Economic Quarterly December 2014 written by and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Indonesia Economic Quarterly December 2013 written by and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Indonesia Economic Quarterly December 2013 written by Weltbank and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 longer-term 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. This document summarizes the findings of the IEQ for the last quarter of 2013. The final quarter has seen the continuing adjustment of the Indonesian economy to more subdued commodity prices and tighter external financing conditions, and to the related pressures on external balances. Policies have responded, particularly through tighter monetary conditions, the currency has depreciated substantially in real terms, and investment spending and output growth have weakened. These developments are broadly supportive of continued macroeconomic stability, including by helping to lower the current account deficit, although their impact continues to play out, adding additional uncertainty to the path of the domestic economy. At the same time, the international environment is also shifting, with global growth expected to improve, bringing potential policy changes, notably in US monetary policy, which could add to the pressures on Indonesia's external financing position. In light of the slower pace of growth, and the risks facing the economy, there is a strong need for Indonesia to augment the recent macro focus on tighter monetary policy, exchange rate adjustment and import compression, with deeper reforms to lift export performance and support investment inflows.

Download or read book Indonesia Economic Quarterly March 2015 written by Weltbank and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Effective January 1, 2015, Indonesia's new government took the decisive step of implementing a new fuel pricing system, dramatically reducing gasoline and diesel subsidy costs. This paved the way for the government's first budget, passed in February, to shift spending towards development priorities, especially infrastructure, the allocation for which is double the 2014 outturn. Successful implementation of the bold vision of the budget, however, will require overcoming administrative constraints to spending and dramatically lifting revenue collection performance. Achieving this, and having the benefits flow through into faster economic growth and poverty reduction, is likely to take time, especially with the pace of sustainable economic growth having slowed, due partly to lower commodity prices. Beyond the fiscal sector, reforms taken in the first months of the government's term in key areas such as investment licensing also face complex challenges to make operational. The government has signaled its strong reform intentions, and raised expectations. Early progress will now need to be consolidated by effectively implementing major reforms and the budget posture, against a still-challenging global economic backdrop for Indonesia.

Download or read book Indonesia Economic Quarterly FY14 written by Weltbank and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 longer term 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. Indonesia's fiscal and monetary policy settings will continue to play a key role in facilitating the adjustments now taking place and in minimizing associated risks. There are, however, trade-offs between the objectives of restraining inflation, supporting growth and adjusting the current account deficit to the tighter financing environment. Monetary policy faces the challenge of calibrating interest and exchange rates so as to guard against rising inflationary pressures as cost pressures rise (such as from the pass-through of the weaker currency or wage increases) while facilitating improvements in the external balances, and without unduly crimping economic growth and weakening public and private sector balance sheets. With the 2014 budget under discussion with Parliament, fiscal policy faces the challenge of slower revenue growth, and higher energy subsidy and nominal debt-financing costs, raising the importance of lifting further the quality of spending and of revenue mobilization. In response to the intensification of financial market pressures, and in conjunction with the monetary policy and currency market measures mentioned above, on August 23 the Government announced a policy package containing measures intended to improve the current account, safeguard purchasing power and facilitate growth, contain inflationary pressure, and maintain investment flows. Some of the reform measures involved retracting interventionist policies on trade and proposals for improving certainty in the business environment.

Download or read book Indonesia Economic Quarterly October 2012 written by Weltbank and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Indonesia 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. Indonesia's economic growth has so far remained resilient to the weakness in the global economy. Amidst a still uncertain outlook, Indonesia will need to prepare itself for the potential consequences of China's slowdown and additional falls in commodity prices, and for the possibility of renewed turbulence in financial and commodity markets. Continuing to strengthen the policy framework to deal with shocks and building economic resilience through improvements in the quality of spending and in the regulatory environment will be key to maintaining, and improving further, Indonesia's strong recent growth performance. Progress towards these goals could be tested as the 2014 election year approaches. Indonesia's economy maintained its robust pace of growth in the second quarter of 2012, expanding by 6.4 percent year-on-year, up slightly from 6.3 percent in the first quarter. Buoyant private consumption continued to lift domestic demand, and investment spending also increased strongly. Despite the rapid pace of economic activity, consumer price inflation has remained moderate to date. Headline CPI inflation fell back to 4.3 percent year-on-year in September after edging up to 4.6 percent in August, when it was pulled higher temporarily by the Idul Fitri holidays. Core inflation has remained stable, just above 4 percent. Indonesia's current account moved further into deficit in the second quarter of 2012. Structurally, the trend towards current account deficits reflects consistently strong domestic investment relative to the level of domestic savings. The slowdown in exports over 2012, alongside generally strong import demand, has seen the large goods trade balance surpluses of recent years narrow and this, coupled with consistent net outflows in the income and services sub-accounts, moved the overall current account into a deficit of 3.1 percent of gross domestic product (GDP) in the second quarter of 2012.

Download or read book Indonesia Economic Quarterly FY14 written by and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Indonesia Economic Quarterly July 2015 written by Weltbank and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Midway through 2015, Indonesia remains confronted with an uncertain external environment, and domestic economic policy challenges have intensified. GDP decelerated to below 5 percent in the first quarter and private consumption expenditure, Indonesia's engine of growth in recent years, is also slowing. Weaker growth has resulted in slower job creation, with recent employment rising only just enough to absorb the increase in working age population. While the commodity downturn since 2012 and policy response have affected output growth the most in resource-rich provinces, employment creation has come under pressure across Indonesia. Yet the scope for policy stimulus is limited and monetary policy in particular is constrained due to sticky inflation and persistent external vulnerabilities.

Download or read book Indonesia Economic Quarterly December 2012 written by Weltbank and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Indonesia's real Gross Domestic Product (GDP) growth has proven robust to the weakness in external demand in 2012. Real GDP rose by 6.2 percent year-on-year in the third quarter. This was slightly lower than the 6.4 percent growth seen in the second quarter and was the eighth consecutive quarter of above 6 percent growth. On a seasonally-adjusted quarter-on quarter basis the economy grew by 1.3 per cent in the third quarter, down from 1.6 percent in the second quarter. While real GDP growth eased only slightly, nominal GDP growth slowed significantly in the third quarter, falling to 9.9 per cent year-on-year, from 12.5 percent year-on-year in the second quarter. The level of investment spending remained high, up 10 percent year-on-year in the third quarter. However, investment did contract in seasonally adjusted quarter on quarter terms by 0.4 percent. This sequential contraction was largely driven by falls in spending on foreign transportation, machinery and equipment, consistent with the weakness in capital goods imports seen in the quarter. In contrast to the sharp drop in government consumption and moderation in investment, private consumption growth picked up in the third quarter, increasing by 5.7 percent year on-year. Growth in the services sectors moderated somewhat but was still solid at 7.3 percent year-on-year, compared to 8.1 year-on-year in the second quarter. Communications and transport remained one of the strongest of the service sectors (up 10.5 per cent year-on year). There was some moderation in the trade, hotel and restaurant sector in the quarter.

Download or read book Indonesia Economic Quarterly December 2012 written by World Bank Group and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Indonesia's real Gross Domestic Product (GDP) growth has proven robust to the weakness in external demand in 2012. Real GDP rose by 6.2 percent year-on-year in the third quarter. This was slightly lower than the 6.4 percent growth seen in the second quarter and was the eighth consecutive quarter of above 6 percent growth. On a seasonally-adjusted quarter-on quarter basis the economy grew by 1.3 per cent in the third quarter, down from 1.6 percent in the second quarter. While real GDP growth eased only slightly, nominal GDP growth slowed significantly in the third quarter, falling to 9.9 per cent year-on-year, from 12.5 percent year-on-year in the second quarter. The level of investment spending remained high, up 10 percent year-on-year in the third quarter. However, investment did contract in seasonally adjusted quarter on quarter terms by 0.4 percent. This sequential contraction was largely driven by falls in spending on foreign transportation, machinery and equipment, consistent with the weakness in capital goods imports seen in the quarter. In contrast to the sharp drop in government consumption and moderation in investment, private consumption growth picked up in the third quarter, increasing by 5.7 percent year on-year. Growth in the services sectors moderated somewhat but was still solid at 7.3 percent year-on-year, compared to 8.1 year-on-year in the second quarter. Communications and transport remained one of the strongest of the service sectors (up 10.5 per cent year-on year). There was some moderation in the trade, hotel and restaurant sector in the quarter.

Download or read book Indonesia Economic Quarterly October 2012 written by World Bank and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Indonesia 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. Indonesia's economic growth has so far remained resilient to the weakness in the global economy. Amidst a still uncertain outlook, Indonesia will need to prepare itself for the potential consequences of China's slowdown and additional falls in commodity prices, and for the possibility of renewed turbulence in financial and commodity markets. Continuing to strengthen the policy framework to deal with shocks and building economic resilience through improvements in the quality of spending and in the regulatory environment will be key to maintaining, and improving further, Indonesia's strong recent growth performance. Progress towards these goals could be tested as the 2014 election year approaches. Indonesia's economy maintained its robust pace of growth in the second quarter of 2012, expanding by 6.4 percent year-on-year, up slightly from 6.3 percent in the first quarter. Buoyant private consumption continued to lift domestic demand, and investment spending also increased strongly. Despite the rapid pace of economic activity, consumer price inflation has remained moderate to date. Headline CPI inflation fell back to 4.3 percent year-on-year in September after edging up to 4.6 percent in August, when it was pulled higher temporarily by the Idul Fitri holidays. Core inflation has remained stable, just above 4 percent. Indonesia's current account moved further into deficit in the second quarter of 2012. Structurally, the trend towards current account deficits reflects consistently strong domestic investment relative to the level of domestic savings. The slowdown in exports over 2012, alongside generally strong import demand, has seen the large goods trade balance surpluses of recent years narrow and this, coupled with consistent net outflows in the income and services sub-accounts, moved the overall current account into a deficit of 3.1 percent of gross domestic product (GDP) in the second quarter of 2012.