Growth In The Pocket

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.

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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Artikel ini dibuat oleh Penulis Terverifikasi GNFI, dengan mematuhi aturan menulis di GNFI. Isi artikel ini sepenuhnya menjadi tanggung jawab penulis. Laporkan tulisan.

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Akhyari Hananto
@akhyari

Akhyari Hananto

http://www.goodnewsfromindonesia.org

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 understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy

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