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Indonesia Economic Quarterly, October 2012 : Maintaining Resilience.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank.
- Series:
- Economic Updates and Modeling
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Accounting.
- Analysis of Economic Growth.
- Bank Supervision.
- Banking Sector.
- Bonds.
- Capital Flows.
- Capital Markets.
- Currencies and Exchange Rates.
- Debt Markets.
- Economic Development.
- Economic Growth.
- Economic Management.
- Environment.
- Environmental Economics & Policies.
- Equity Markets.
- Expenditures.
- Exporters.
- Federal Reserve.
- Finance and Financial Sector Development.
- Financial Crisis.
- Fiscal & Monetary Policy.
- Fiscal Policy.
- Foreign Direct Investment.
- Global Economy.
- Gross Domestic Product.
- Income Tax.
- Inflation.
- Insurance.
- Local Government.
- Macroeconomic Management.
- Macroeconomics and Economic Growth.
- Monetary Policy.
- Opportunity Cost.
- Other Economic Management.
- Public Investment.
- Public Spending.
- Recession.
- Slowdown.
- Surplus.
- Local Subjects:
- Accounting.
- Analysis of Economic Growth.
- Bank Supervision.
- Banking Sector.
- Bonds.
- Capital Flows.
- Capital Markets.
- Currencies and Exchange Rates.
- Debt Markets.
- Economic Development.
- Economic Growth.
- Economic Management.
- Environment.
- Environmental Economics & Policies.
- Equity Markets.
- Expenditures.
- Exporters.
- Federal Reserve.
- Finance and Financial Sector Development.
- Financial Crisis.
- Fiscal & Monetary Policy.
- Fiscal Policy.
- Foreign Direct Investment.
- Global Economy.
- Gross Domestic Product.
- Income Tax.
- Inflation.
- Insurance.
- Local Government.
- Macroeconomic Management.
- Macroeconomics and Economic Growth.
- Monetary Policy.
- Opportunity Cost.
- Other Economic Management.
- Public Investment.
- Public Spending.
- Recession.
- Slowdown.
- Surplus.
- Other Title:
- Indonesia Economic Quarterly, October 2012
- Place of Publication:
- Washington, D.C. : The World Bank, 2012.
- System Details:
- data file
- Summary:
- 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.
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