FOREX TradingCharts.com

Financial News: Indonesia's Economy Expands On Reforms, Spending: IMF

Indonesia's Economy Expands On Reforms, Spending: IMF

02/03/2017 - 22:04:00 (RTTNews)

(RTTNews) - Indonesia's economy continues to expand strongly driven by solid economic policies and increased household spending, the International Monetary Fund said late Friday.

The Washington-based lender said the resilient economy can benefit from stronger reforms.

The economy is estimated to grow 5 percent in 2016 compared to 4.8 percent in 2015. This was the highest in large emerging market economies, the IMF said.

Household consumption remains one of the main drivers of growth. Indonesia requires more investment to sustain and even accelerate the pace of growth over the medium term, the lender observed.

The near-term outlook remains favorable. However, the agency cautioned that external risks, like China re-balancing, policy changes from the new United States administration, pose challenges to favorable outlook.

The IMF said Indonesia needs to stand ready to manage short-term risks, while ramping up economic reforms to increase potential growth. At the same time, domestic risks include tax revenue shortfalls or higher domestic interest rates due to tighter global financial conditions.

The lender advised the government to continue improving the composition and efficiency of spending and raise tax revenues through tax policy and administration reforms.

Further, the agency advised the central bank to maintain exchange rate flexibility and stand ready to respond to a possible volatile external environment.

Inflation is expected to rise to around 4.5 percent at the end of 2017 from 3.2 percent at the end of 2016.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Sentiment Nearly Unchanged In April (10 hr(s), 46 min(s), 34 sec(s) ago)
(RTTNews) - After initially reporting an improvement in U.S. consumer sentiment in the month of Ap ...Full Story»

Chicago Business Barometer Unexpectedly Indicates Faster Growth In April (11 hr(s), 06 min(s), 34 sec(s) ago)
(RTTNews) - A report released by MNI Indicators on Friday showed an unexpected acceleration in the ...Full Story»

Eurozone Inflation Climbs To ECB Target (11 hr(s), 31 min(s), 34 sec(s) ago)
(RTTNews) - Eurozone inflation accelerated more-than-expected in April, returning within the Europ ...Full Story»

U.S. Economic Growth Slows More Than Expected In Q1 (12 hr(s), 11 min(s), 34 sec(s) ago)
(RTTNews) - Economic growth in the U.S. slowed by more than anticipated in the first three months ...Full Story»

ECB Forecasters Revise Up Growth & Inflation Expectations (12 hr(s), 27 min(s), 34 sec(s) ago)
(RTTNews) - Professional forecasters expect euro area consumer prices to rise faster than earlier ...Full Story»

UK Growth At 1-Year Low As 'Brexit' Weighs On Spending (12 hr(s), 37 min(s), 34 sec(s) ago)
(RTTNews) - The U.K. economy expanded the least in a year at the start of 2017, reflecting a notab ...Full Story»

U.S. GDP Increases Less Than Expected In Q1 (12 hr(s), 44 min(s), 34 sec(s) ago)
(RTTNews) - Economic growth in the U.S. slowed by more than anticipated in the first three months ...Full Story»

Sweden Retail Sales Growth Eases Unexpectedly (13 hr(s), 04 min(s), 34 sec(s) ago)
(RTTNews) - Sweden's retail sales growth eased unexpectedly in March, after accelerating in th ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Nearly Unchanged In April

04/28/2017 - 10:35 AM (RTTNews)
(RTTNews) - After initially reporting an improvement in U.S. consumer sentiment in the month of Ap ...Full Story>>

Chicago Business Barometer Unexpectedly Indicates Faster Growth In April

04/28/2017 - 10:15 AM (RTTNews)
(RTTNews) - A report released by MNI Indicators on Friday showed an unexpected acceleration in the ...Full Story>>

Eurozone Inflation Climbs To ECB Target

04/28/2017 - 09:50 AM (RTTNews)
(RTTNews) - Eurozone inflation accelerated more-than-expected in April, returning within the Europ ...Full Story>>

U.S. Economic Growth Slows More Than Expected In Q1

04/28/2017 - 09:10 AM (RTTNews)
(RTTNews) - Economic growth in the U.S. slowed by more than anticipated in the first three months ...Full Story>>

ECB Forecasters Revise Up Growth & Inflation Expectations

04/28/2017 - 08:54 AM (RTTNews)
(RTTNews) - Professional forecasters expect euro area consumer prices to rise faster than earlier ...Full Story>>
These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.