Bank Indonesia’s headquarter in Jakarta. (Photo source: Flickr/globalindonesianvoices.com)Jakarta (VNA) – The International Monetary Fund (IMF) has forecastedIndonesia’s economic growth will reach 5.1 percent in 2017, mostly driven bydomestic expenditure and private investment.
Thecountry’s growth rate in 2016 is projected at 5 percent due to strong personalconsumption.
Accordingto the Washington-based organisation, economic growth will result in a recoveryof commodity price and lower lending rates.
Indonesia’sinflation is predicted at 3.3 percent in 2016 and increase to 3 – 5 percent in2017 due to its policy on adjusting electricity subsidies, said the IMF.
Thecurrent account deficit of the Southeast Asian country is forecasted to risefrom 2 percent of gross domestic products (GDP) in 2016 to 2.3 percent of GDPnext year due to a pickup in fixed investment and imports.
TheIMF appreciated economic conditions in Indonesia, particularly in the lastmonths of 2016, fueled by appropriate and prudent policies on macro economy andeconomic restructuring.-VNA
Thecountry’s growth rate in 2016 is projected at 5 percent due to strong personalconsumption.
Accordingto the Washington-based organisation, economic growth will result in a recoveryof commodity price and lower lending rates.
Indonesia’sinflation is predicted at 3.3 percent in 2016 and increase to 3 – 5 percent in2017 due to its policy on adjusting electricity subsidies, said the IMF.
Thecurrent account deficit of the Southeast Asian country is forecasted to risefrom 2 percent of gross domestic products (GDP) in 2016 to 2.3 percent of GDPnext year due to a pickup in fixed investment and imports.
TheIMF appreciated economic conditions in Indonesia, particularly in the lastmonths of 2016, fueled by appropriate and prudent policies on macro economy andeconomic restructuring.-VNA
VNA
