IMF: Indonesia economy to grow 5.1 percent in 2017
The International Monetary Fund (IMF) has forecasted Indonesia’s economic growth will reach 5.1 percent in 2017, mostly driven by domestic expenditure and private investment.
Bank Indonesia’s headquarter in Jakarta. (Photo source: Flickr/globalindonesianvoices.com)Jakarta (VNA) – The International Monetary Fund (IMF) has forecasted
Indonesia’s economic growth will reach 5.1 percent in 2017, mostly driven by
domestic expenditure and private investment.
The country’s growth rate in 2016 is projected at 5 percent due to strong personal consumption.
According to the Washington-based organisation, economic growth will result in a recovery of commodity price and lower lending rates.
Indonesia’s inflation is predicted at 3.3 percent in 2016 and increase to 3 – 5 percent in 2017 due to its policy on adjusting electricity subsidies, said the IMF.
The current account deficit of the Southeast Asian country is forecasted to rise from 2 percent of gross domestic products (GDP) in 2016 to 2.3 percent of GDP next year due to a pickup in fixed investment and imports.
The IMF appreciated economic conditions in Indonesia, particularly in the last months of 2016, fueled by appropriate and prudent policies on macro economy and economic restructuring.-VNA
The country’s growth rate in 2016 is projected at 5 percent due to strong personal consumption.
According to the Washington-based organisation, economic growth will result in a recovery of commodity price and lower lending rates.
Indonesia’s inflation is predicted at 3.3 percent in 2016 and increase to 3 – 5 percent in 2017 due to its policy on adjusting electricity subsidies, said the IMF.
The current account deficit of the Southeast Asian country is forecasted to rise from 2 percent of gross domestic products (GDP) in 2016 to 2.3 percent of GDP next year due to a pickup in fixed investment and imports.
The IMF appreciated economic conditions in Indonesia, particularly in the last months of 2016, fueled by appropriate and prudent policies on macro economy and economic restructuring.-VNA
You should also see
Dien Bien Phu Victory echoes, 70 years on
Seventy years ago, Vietnam won the Dien Bien Phu battle, forcing the French government to sign the Geneva Agreement in July 1954 and marking the end of the French military presence in the whole Indochina.
See more
World
ASEAN culture promoted in Mexico
Typical and diversified culture of ASEAN countries is being promoted at the ongoing ASEAN Week at the headquarters of Mexico’s Chamber of Deputies in Mexico city from April 15-19.
World
Thailand, New Zealand agree to elevate ties to strategic partnership
Thailand and New Zealand on April 17 agreed to upgrade bilateral ties to a strategic partnership by 2026, on the occasion of the 70th anniversary of bilateral diplomatic ties.
World
Japan’s 2024 Diplomatic Bluebook sketches out cooperation orientation with ASEAN
The Foreign Ministry of Japan on April 16 announced its 2024 Diplomatic Bluebook, which clarifies the country's orientations to expand relations with the Association of Southeast Asian Nations (ASEAN) in general and Vietnam in particular.
World
Indonesia’s Ruang volcano erupts, hundreds evacuated
At least 800 people in Indonesia’s North Sulawesi province have been evacuated after the area’s Ruang volcano has spewed lava and ash clouds into the sky for days, Indonesia’s volcanology agency said on April 17.
World
Bangkok markets join food waste reduction drive
Nearly 200 fresh markets in Bangkok have joined a Bangkok Metropolitan Administration (BMA) campaign to classify food scraps from other waste, which helps reduce carbon emissions by about 142.5 tonnes per day.
