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Bulletin of Monetary Economics and Banking

Document Type

Article

Abstract

The domestic economy is still growing quite well despite a slight slowdown. Indonesia’s economic growth in the third quarter of 2012 grew by 6.2%, slightly lower than previous forecasts due to a continuing decline in the performance of the external sector. Although consumption and domestic-orientated investment demand remains high, falling exports have resulted in decreased production and export-oriented investment. Looking ahead, economic growth is expected to rise again, driven by domestic consumption and investment which remains strong. Exports are predicted to also improve in line with the improving economy with some major trading partners, though it will still be shadowed by uncertainties in the global economic conditions. With these developments in the Indonesian economy for the entire year of 2012, the economy in 2013 is forecasted to grow 6.3% in rising into the range of 6.3% -6.7%.

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Creative Commons License

Creative Commons Attribution-NonCommercial 4.0 International License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Country

Indonesia

Affiliation

Bank Indonesia

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