Indonesia Economic Quarterly, January 2017 : Sustaining Reform Momentum
This Indonesia Economic Quarterly (IEQ) reports on the key developments over the past three months in Indonesia's economy as on January 2017. The return of global policy uncertainty and financial market volatility represent risks to Indonesia’...
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| Language: | English en_US |
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World Bank, Jakarta
2017
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| Online Access: | http://documents.worldbank.org/curated/en/489061484821225985/Indonesia-economic-quarterly-sustaining-reform-momentum http://hdl.handle.net/10986/25970 |
| Summary: | This Indonesia Economic Quarterly (IEQ)
reports on the key developments over the past three months
in Indonesia's economy as on January 2017. The return
of global policy uncertainty and financial market volatility
represent risks to Indonesia’s growth outlook. However,
Indonesia’s recent economic performance and policy reforms
can help weather these risks. Gross domestic product (GDP)
growth eased in third quarter as government consumption
fell. The current account deficit narrowed and direct
investment was strong in third quarter. Domestic financial
conditions remain robust despite recent global headwinds.
Fiscal policy credibility was enhanced through expenditure
cuts in 2016 and more realistic revenue targets in the
approved 2017 Budget. Baseline projections for real GDP
growth remain at 5.1 percent for 2016 and 5.3 percent in
2017. Improving the quality of public spending is critical
for Indonesia to achieve its development goals in the short
to medium term. Student-centered teaching practices result
in better student learning outcomes. |
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