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Indonesia Economy Profile 2012

Posted by Unknown Sunday, January 8, 2012 0 comments
Indonesia, a vast polyglot nation, grew an estimated 6.1% and 6.4% in 2010 and 2011, respectively. The government made economic advances under the first administration of President YUDHOYONO (2004-09), introducing significant reforms in the financial sector, including tax and customs reforms, the use of Treasury bills, and capital market development and supervision. During the global financial crisis, Indonesia outperformed its regional neighbors and joined China and India as the only G20 members posting growth in 2009. The government has Promoted fiscally conservative policies, resulting in a debt-to-GDP ratio of less than 25%, a small current account surplus, a fiscal deficit below 2%, and historically low rates of inflation. Fitch and Moody's upgraded Indonesia's credit rating to investment grade in December 2011. Indonesia still struggles with poverty and unemployment, inadequate infrastructure, corruption, a complex regulatory environment, and unequal resource distribution among regions. The government in 2012 faces the ongoing challenge of improving Indonesia's insufficient infrastructure to remove impediments to economic growth, labor Unrest over wages, and reducing its fuel subsidy program in the face of rising oil prices.

When most people think of Indonesia today, they think of beaches and temples or of its famously Teeming cities, but this country of 240 million and counting is a much more modern, diversified, and dynamic economy than many international investors and companies Assume. To make the most of Indonesia's vast potential, they're going to need to change the way they think about the archipelago - and putting these five myths to bed is a good place to start.
Hardly. Far from being unstable, Indonesia has been growing steadily at an impressive rate of 4 to 6 percent over the past 10 years - less volatile than the economies of Brazil, Russia, India, and China, or any other developed country for that matter. Indonesian government debt has fallen by 70 percent in just a decade and is now at a level lower than in 85 percent of developed economies. Inflation, which was over 20 percent 10 years ago, now stands at 8 percent, comparable with more mature economies, such as South Africa and Turkey. Indonesia's overall economic management has also shown remarkable improvement. The World Economic Forum ranked Indonesia 25th out of 139 countries for macroeconomic stability in 2012, up sharply from 89th in 2007. For comparison, Brazil ranked 62nd and 99th ranked India.
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Judul: Indonesia Economy Profile 2012
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