Indonesia Economic Quarterly, March 2013 : Pressures Mounting

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collection.link.85
https://openknowledge.worldbank.org/handle/10986/2193
collection.name.85
Economic Updates and Modeling
dc.contributor.author
World Bank
dc.date.accessioned
2014-01-27T18:48:04Z
dc.date.available
2014-01-27T18:48:04Z
dc.date.issued
2013-03
dc.description.abstract
Indonesia's economy continued to grow at a steady pace in the final quarter of 2012, taking full-year GDP growth to 6.2 percent. This was only a modest reduction from the 6.5 percent growth recorded in 2011, a resilient performance considering the weak global environment and unsettled financial market conditions which prevailed for much of the year. Looking ahead, Indonesia should be able to maintain a solid pace of growth, but there is no room for complacency, as a number of pressures are mounting which could move the economy off this trajectory. Global economic uncertainties remain elevated, Indonesia s investment growth has moderated and, as highlighted in the December 2012 IEQ, the quality of domestic policies is increasingly in focus, particularly in the run-up to the 2014 elections. Even if growth of 6.0 to 6.5 percent is maintained, there is a risk that, without more progress on policy reform and implementation, the opportunity could be missed to boost growth at a time when the economy is benefiting from a growing labor force and the agglomeration effects of urbanization. Future appointments to key economic policy roles, following the nomination of the Minister of Finance as the next Governor of Bank Indonesia (BI), will also frame the macroeconomic policy environment going forward. The final quarter of 2012 remained challenging for many of Indonesia s major trading partners; growth in the US and Japan was flat and the Euro Area recession deepened, though growth in China firmed. Moving into 2013, global growth remains subdued but international economic conditions have turned somewhat more supportive for growth in Indonesia. Global industrial production is increasing at a modest pace, and global trade is expanding again, with broad-based increases for developing countries exports. Commodity prices have also generally posted modest gains since December, including those of some of Indonesia s key export products like copper, rubber and palm oil. The improved global economic data, and diminishing fears over the risks of extreme adverse scenarios in the Euro area, US and China, coupled with accommodative monetary policy in most high income economies, have been broadly supportive of financial markets. Global equity markets rallied in the final two months of 2012 and have generally held these gains, with some developed country equity indices at or near record highs in nominal terms. Emerging market sovereign credit spreads have widened so far in 2013 but still remain close to their tightest levels since the global financial crisis.
en
dc.identifier
http://documents.worldbank.org/curated/en/2013/03/17457457/indonesia-economic-quarterly-pressures-mounting
dc.identifier.uri
http://hdl.handle.net/10986/16614
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC
dc.relation.ispartofseries
Indonesia economic quarterly;
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCOUNTING
dc.subject
AGGREGATE INVESTMENT
dc.subject
AGRICULTURE
dc.subject
ANNUAL GROWTH
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ASSET PRICE
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BALANCE OF PAYMENTS
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BALANCE OF PAYMENTS FLOWS
dc.subject
BALANCE SHEETS
dc.subject
BANK ASSETS
dc.subject
BANK BALANCE SHEETS
dc.subject
BANK INTERMEDIATION
dc.subject
BANK LOANS
dc.subject
BANKING SECTOR
dc.subject
BANKING SYSTEM
dc.subject
BID
dc.subject
BILL
dc.subject
BOND
dc.subject
BOND PRICES
dc.subject
BOND YIELD
dc.subject
BOND YIELDS
dc.subject
BORROWING COSTS
dc.subject
BUDGET DEFICIT
dc.subject
CAPITAL ADEQUACY
dc.subject
CAPITAL FORMATION
dc.subject
CAPITAL GOODS
dc.subject
CAPITAL GOODS IMPORTS
dc.subject
CAPITAL INFLOWS
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COMMERCIAL BANK
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COMMERCIAL BANK LENDING
dc.subject
COMMODITY MARKET
dc.subject
COMMODITY PRICE
dc.subject
COMMODITY PRICES
dc.subject
CONSENSUS FORECASTS
dc.subject
CONSOLIDATION
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CONSUMER LOAN
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CONSUMER PRICE INDEX
dc.subject
CONSUMERS
dc.subject
CONSUMPTION EXPENDITURE
dc.subject
CONSUMPTION LEVELS
dc.subject
CORE INFLATION
dc.subject
COUNTRY EQUITY
dc.subject
CREDIT GROWTH
dc.subject
CREDIT QUALITY
dc.subject
CREDIT SPREADS
dc.subject
CURRENCY DEPRECIATION
dc.subject
CURRENT ACCOUNT
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CURRENT ACCOUNT BALANCE
dc.subject
CURRENT ACCOUNT DEFICIT
dc.subject
DEBT RATIO
dc.subject
DEBT REPAYMENTS
dc.subject
DEBT SUSTAINABILITY
dc.subject
DECENTRALIZATION
dc.subject
DEFLATION
dc.subject
DEMAND GROWTH
dc.subject
DEVELOPING COUNTRIES
dc.subject
DIRECT INVESTMENT
dc.subject
DISBURSEMENT
dc.subject
DISINFLATION
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DOLLAR PRICE
dc.subject
DOMESTIC DEMAND
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DOMESTIC DEMAND GROWTH
dc.subject
DOMESTIC MARKET
dc.subject
DRAG ON GROWTH
dc.subject
ECONOMIC ASSUMPTIONS
dc.subject
ECONOMIC CONDITIONS
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC DISRUPTION
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC OUTLOOK
dc.subject
EMERGING MARKET
dc.subject
EMERGING MARKET EQUITIES
dc.subject
EQUIPMENT
dc.subject
EQUITY INDEX
dc.subject
EQUITY INDICES
dc.subject
EQUITY MARKETS
dc.subject
EXCESS DEMAND
dc.subject
EXCHANGE RATE
dc.subject
EXPENDITURE
dc.subject
EXPENDITURES
dc.subject
EXPORT DIVERSIFICATION
dc.subject
EXPORT PERFORMANCE
dc.subject
EXPORT SHARE
dc.subject
EXPORT VOLUMES
dc.subject
EXPORTS
dc.subject
EXTERNAL DEBT
dc.subject
EXTERNAL DEMAND
dc.subject
EXTERNAL FINANCING
dc.subject
EXTERNAL TRADE
dc.subject
FINANCIAL ASSET
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FINANCIAL CRISIS
dc.subject
FINANCIAL MARKET
dc.subject
FINANCIAL MARKET PARTICIPANTS
dc.subject
FINANCIAL MARKETS
dc.subject
FINANCIAL STABILITY
dc.subject
FINANCIAL SYSTEM
dc.subject
FISCAL DEFICIT
dc.subject
FISCAL POLICY
dc.subject
FISCAL POSITION
dc.subject
FIXED CAPITAL
dc.subject
FIXED INVESTMENT
dc.subject
FOOD PRICE
dc.subject
FOOD PRICES
dc.subject
FORECASTS
dc.subject
FOREIGN CURRENCY
dc.subject
FOREIGN CURRENCY EXPOSURE
dc.subject
FOREIGN CURRENCY LENDING
dc.subject
FOREIGN CURRENCY LOANS
dc.subject
FOREIGN EXCHANGE
dc.subject
FOREIGN INVESTMENT
dc.subject
FORMS OF CREDIT
dc.subject
GDP
dc.subject
GDP DEFLATOR
dc.subject
GDP PER CAPITA
dc.subject
GLOBAL ECONOMY
dc.subject
GLOBAL TRADE
dc.subject
GOVERNMENT BOND
dc.subject
GOVERNMENT BOND YIELDS
dc.subject
GOVERNMENT BONDS
dc.subject
GOVERNMENT BUDGET
dc.subject
GOVERNMENT DEBT
dc.subject
GOVERNMENT SPENDING
dc.subject
GROSS DOMESTIC PRODUCT
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GROSS FIXED CAPITAL FORMATION
dc.subject
GROWTH PROJECTIONS
dc.subject
GROWTH RATE
dc.subject
GROWTH RATES
dc.subject
HEDGES
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IMPERFECT SUBSTITUTES
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IMPORT
dc.subject
IMPORT DEMAND
dc.subject
IMPORT GROWTH
dc.subject
INFLATION
dc.subject
INFLATION RATE
dc.subject
INFLATIONARY PRESSURES
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INFRASTRUCTURE INVESTMENT
dc.subject
INTEREST RATES
dc.subject
INTERNATIONAL BANK
dc.subject
INVENTORIES
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INVENTORY
dc.subject
INVESTMENT FLOWS
dc.subject
INVESTMENT INFLOWS
dc.subject
INVESTMENT LOANS
dc.subject
INVESTMENT RATIO
dc.subject
INVESTMENT SPENDING
dc.subject
INVESTOR PERCEPTIONS
dc.subject
LABOR FORCE
dc.subject
LIQUIDITY
dc.subject
LIVING STANDARDS
dc.subject
LOCAL BANKS
dc.subject
LOCAL CURRENCY
dc.subject
LOCAL GOVERNMENT
dc.subject
LOCAL GOVERNMENTS
dc.subject
MACROECONOMIC POLICY
dc.subject
MARKET CONDITIONS
dc.subject
MARKET PRICES
dc.subject
MONETARY POLICY
dc.subject
MORTGAGE
dc.subject
MORTGAGE INTEREST
dc.subject
MORTGAGE INTEREST RATES
dc.subject
NET EXPORTS
dc.subject
NON-PERFORMING LOANS
dc.subject
NPL
dc.subject
OIL DEMAND
dc.subject
OIL PRICE
dc.subject
OIL PRICES
dc.subject
OPPORTUNITY COST
dc.subject
OPPORTUNITY COSTS
dc.subject
OUTTURN
dc.subject
PORTFOLIO
dc.subject
PORTFOLIO INFLOWS
dc.subject
PORTFOLIO INVESTMENT
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POTENTIAL INVESTMENT
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POVERTY REDUCTION
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PRICE INCREASES
dc.subject
PRICE INDICES
dc.subject
PRICE INFLATION
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PRIVATE CONSUMPTION
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PRIVATE INVESTMENT
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PRODUCTIVITY GROWTH
dc.subject
PROPERTY VALUES
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PRUDENTIAL REGULATION
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PUBLIC INVESTMENT
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PURCHASING POWER
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REAL GDP
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REAL INVESTMENT
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REAL PROPERTY
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RECESSION
dc.subject
REPAYMENTS
dc.subject
RESERVE
dc.subject
RESERVES
dc.subject
RESIDENTIAL MORTGAGE
dc.subject
RESIDENTIAL MORTGAGES
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RETURN
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SOLVENCY
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STRONG CAPITAL INFLOWS
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SUPPLY SIDE
dc.subject
SURPLUS
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SUSTAINABLE GROWTH RATE
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TARIFF INCREASES
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TOTAL IMPORTS
dc.subject
TOTAL INVESTMENT
dc.subject
TOTAL OUTPUT
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TRADE ACCOUNTS
dc.subject
TRADE BALANCE
dc.subject
TRADE BALANCES
dc.subject
TRADE DEFICIT
dc.subject
TRADE PATTERNS
dc.subject
TRADE POLICIES
dc.subject
TRADE POLICY
dc.subject
TRADE SURPLUS
dc.subject
TRADING
dc.subject
TRADING PARTNER
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TRADING PARTNERS
dc.subject
TREASURY
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TREASURY NOTE
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TREASURY YIELD
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TREASURY YIELDS
dc.subject
UNCERTAINTIES
dc.subject
UNCERTAINTY
dc.subject
UNEMPLOYMENT
dc.subject
UNEMPLOYMENT RATE
dc.subject
VALUATION
dc.subject
VALUE ADDED
dc.subject
WAGES
dc.subject
WEIGHTS
dc.subject
WORKING CAPITAL
dc.subject
WORLD PRICES
dc.subject
WTO
dc.title
Indonesia Economic Quarterly, March 2013 : Pressures Mounting
en
dc.title.alternative
Perkembangan triwulanan perekonomian Indonesia : tekanan meningkat
en
okr.date.disclosure
2013-03-19
okr.doctype
Economic & Sector Work :: Economic Updates and Modeling
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/2013/03/17457457/indonesia-economic-quarterly-pressures-mounting
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000333037_20130319150154
okr.identifier.internaldocumentum
17457457
okr.identifier.report
76086
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/03/19/000333037_20130319150154/Rendered/PDF/760860WP0IEQ0M00Box374362B00PUBLIC0.pdf
en
okr.region.administrative
East Asia and Pacific
okr.region.country
Indonesia
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Banks and Banking Reform
okr.topic
Economic Theory and Research
okr.topic
Finance and Financial Sector Development :: Currencies and Exchange Rates
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Macroeconomics and Economic Growth
okr.unit
PREM Sector Department (EASPR)
okr.volume
1 of 1

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