Publication: Indonesia Economic Quarterly, July 2015: Slower Gains
Date
2015-07
ISSN
Published
2015-07
Author(s)
World Bank
Abstract
Midway through 2015, Indonesia remains
confronted with an uncertain external environment, and
domestic economic policy challenges have intensified. GDP
decelerated to below 5 percent in the first quarter and
private consumption expenditure, Indonesia’s engine of
growth in recent years, is also slowing. Weaker growth has
resulted in slower job creation, with recent employment
rising only just enough to absorb the increase in working
age population. While the commodity downturn since 2012 and
policy response have affected output growth the most in
resource-rich provinces, employment creation has come under
pressure across Indonesia. Yet the scope for policy stimulus
is limited and monetary policy in particular is constrained
due to sticky inflation and persistent external vulnerabilities.
Citation
“World Bank. 2015. Indonesia Economic Quarterly, July 2015: Slower Gains. © Washington, DC. http://hdl.handle.net/10986/22341 License: CC BY 3.0 IGO.”