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Growth In The Pocket

Akhyari Hananto
Akhyari Hananto
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Growth In The Pocket
Growth In The Pocket

Indonesia is yet another emerging market to have exploded out of the gates of the last recession. Over the last year, Indonesia’s ETF is up 45%. As with any developing market, there’s risk, but Indonesia is laying out the canvas for a bright future.

Indonesia is blessed with a few characteristics that position it for a bright economic future.

  • Indonesia’s population is young and growing.
  • Jakarta, the nation’s capital, is expected to be the largest city in the world within two decades, reports Berni Moestafa of BusinessWeek.
  • Domestic consumption makes up two-thirds of the economy. That has helped shelter Indonesia from the last recession that rocked the more developed and/or export-dependent nations.
  • Low inflation has allowed the central bank to keep rates at a record low of 6.5%. Inflation averaged 3.8% in the first five months of this year.

As a result, the IMF has forecast that Indonesia will grow 6% this year, up from 4.5% last year. Trade Minister Mari Pangestu believes the country can grow exports at 7% to 8.5%, reports Jason Folkmanis of BusinessWeek.

European demand remains a concern, but so far, the fallout in Europe has not seemed to affect Indonesia’s exports too much. Exports grew 19.6% in the first quarter compared to last year.

Baca Juga

According to Gita Wirjawan, chairman of the Investment Coordinating Board of Indonesia, 6% to 7% growth is “pretty much in the pocket.”

Source: Seekingalpha.com

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TENTANG AKHYARI HANANTO

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to unders ... Lihat Profil Lengkap

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