Report

Indonesia Economic Quarterly, June 2019 : Oceans of Opportunity

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collection.link.132
https://openknowledge.worldbank.org/handle/10986/5997
collection.link.85
https://openknowledge.worldbank.org/handle/10986/2193
collection.name.132
Bahasa PDFs Available
collection.name.85
Economic Updates and Modeling
dc.contributor.author
World Bank
dc.date.accessioned
2019-07-01T15:44:39Z
dc.date.available
2019-07-01T15:44:39Z
dc.date.issued
2019-06
dc.description.abstract
In 2018, Indonesia’s coordinated and prudent macroeconomic policy framework underpinned steadyeconomic growth, amid global volatility and several natural disasters. Real GDP growth strengthened to 5.2 percent yoy in 2018 from 5.1 percent in 2017. Growth decelerated only slightly in Q1 2019, to 5.1 percent yoy. Quarterly GDP growth has been broadly stable, remaining within a narrow range of 4.9-5.3 percent yoy for 14 consecutive quarters. The drivers of growth shifted in Q4 2018 and Q1 2019, as investment growth decelerated from multi-year highs, and both private and government consumption picked up. Investment slowed because of inventory destocking and easing fixed investment growth due to delays in new public projects in response to current account concerns, political uncertainty ahead of the general elections, and deteriorating prices of thecountry’s key commodity exports and a maturing investment cycle in the mining sector. On the other hand, growth of private and government consumption gained on stronger spending by political parties and civil servant bonuses. Private consumption was also supported by low inflation and abuoyant labor market. Indonesia’s oceans can be leveraged to make a larger contribution to the economy, both through higher revenues from tourism and fisheries and by enhancing resilience to natural disasters and climate change. This edition therefore discusses the importance of the maritime economy to Indonesia’s economic development and presents the challenges and opportunities the country faces in leveraging the maritime economy for greater prosperity.
en
dc.identifier
http://documents.worldbank.org/curated/en/179221561731871205/Indonesia-Economic-Quarterly-Oceans-of-Opportunity
dc.identifier.uri
http://hdl.handle.net/10986/31993
dc.language
English
dc.publisher
World Bank, Washington, DC
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
ECONOMIC GROWTH
dc.subject
FISCAL TRENDS
dc.subject
CURRENT ACCOUNT DEFICIT
dc.subject
LABOR MARKET
dc.subject
POVERTY
dc.subject
INEQUALITY
dc.subject
RISKS
dc.subject
ECONOMIC OUTLOOK
dc.subject
FISHERIES
dc.subject
COASTAL PROTECTION
dc.subject
TOURISM
dc.subject
SUSTAINABLE DEVELOPMENT
dc.title
Indonesia Economic Quarterly, June 2019
en
dc.title.subtitle
Oceans of Opportunity
en
dc.type
Report
en
okr.date.disclosure
2019-06-30
okr.doctype
Economic & Sector Work :: Economic Updates and Modeling
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/179221561731871205/Indonesia-Economic-Quarterly-Oceans-of-Opportunity
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b086e47241_1_0
okr.identifier.internaldocumentum
31212160
okr.identifier.report
138520
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/179221561731871205/pdf/Indonesia-Economic-Quarterly-Oceans-of-Opportunity.pdf
en
okr.region.administrative
East Asia and Pacific
okr.region.country
Indonesia
okr.sector
Public Administration
okr.theme
Economic management :: Macroeconomic management
okr.topic
Environment :: Coastal and Marine Environment
okr.topic
Environment :: Tourism and Ecotourism
okr.topic
Environment :: Water Resources Management
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.topic
Macroeconomics and Economic Growth :: Fiscal & Monetary Policy
okr.unit
East Asia and Pacific 2 (GMTP2)

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