Indonesia Economic Quarterly, July 2013 : Adjusting to Pressures

The second quarter of 2013 was an eventful one as Indonesia's economy, policy settings and financial markets adjusted to pressures which have been mounting over recent quarters and to shifts in the global environment. Following slightly weaker...

Full description

Bibliographic Details
Main Author: World Bank
Format: Economic Updates and Modeling
Language:English
en_US
Published: Washington, DC 2014
Subjects:
TAX
Online Access:http://documents.worldbank.org/curated/en/2013/07/17966049/indonesia-economic-quarterly-adjusting-pressures
http://hdl.handle.net/10986/16613
id okr-10986-16613
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCOUNTING
ADVERSE IMPACT
AGRICULTURE
ASSET MARKETS
ASSETS
BALANCE OF PAYMENTS
BANK CREDIT
BANK DEPOSIT
BANKING SECTOR
BASIS POINTS
BENCHMARK
BENEFICIARIES
BOND FLOW
BOND ISSUANCE
BOND MARKETS
BOND SPREADS
BOND YIELD CURVE
BUDGET DEFICIT
CAPACITY CONSTRAINTS
CAPITAL ACCOUNT
CAPITAL FORMATION
CAPITAL GOODS
CAPITAL INVESTMENT
CASH TRANSFER
CASH TRANSFERS
COMMERCIAL BANK
COMMERCIAL BANK LENDING
COMMODITIES
COMMODITY
COMMODITY EXPORT
COMMODITY EXPORTS
COMMODITY PRICES
CONFIDENCE INDEX
CONSUMER EXPECTATIONS
CONSUMER GOODS
CONSUMER PRICE
CONSUMER PRICE INDEX
CONSUMER PRICES
CONSUMERS
CONSUMPTION EXPENDITURE
CORPORATE BOND
CORPORATE BOND ISSUANCE
CORPORATE PROFITS
CREDIT GROWTH
CREDIT MARKETS
CURRENCY
CURRENCY DEPRECIATION
CURRENCY EARNINGS
CURRENT ACCOUNT
CURRENT ACCOUNT BALANCE
CURRENT ACCOUNT DEFICIT
DEBT FINANCING
DEBT LEVELS
DEBT MANAGEMENT
DEBT STOCK
DEPOSIT
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING ECONOMIES
DIRECT INVESTMENT
DISBURSEMENTS
DISINFLATION
DOLLAR BOND
DOLLAR VALUE
DOMESTIC BOND
DOMESTIC BOND MARKET
DOMESTIC BONDS
DOMESTIC EQUITIES
DOMESTIC FINANCIAL MARKETS
DOMESTIC GOVERNMENT BONDS
DOMESTIC PRICE
ECONOMIC ASSUMPTIONS
ECONOMIC DEVELOPMENT
ECONOMIC OUTLOOK
ECONOMIC SECTORS
EMERGING MARKET
EMERGING MARKET ASSETS
EMERGING MARKET EQUITIES
EMERGING MARKETS
ENERGY PRICES
EQUIPMENT
EQUITIES
EQUITY INDICES
EQUITY PRICE
EXCHANGE RATE
EXPENDITURE
EXPENDITURES
EXPORT GROWTH
EXPORT REVENUES
EXPORT SHARE
EXPORTS
EXPOSURES
EXTERNAL DEBT
EXTERNAL FINANCING
FEDERAL RESERVE
FINANCIAL CRISIS
FINANCIAL MARKET
FINANCIAL MARKET DEVELOPMENTS
FINANCIAL MARKET PARTICIPANTS
FINANCIAL MARKETS
FINANCIAL SERVICES
FINANCIAL SYSTEM
FISCAL DEFICIT
FISCAL POLICY
FIXED CAPITAL
FIXED INVESTMENT
FOOD PRICE
FOOD PRICES
FOREIGN CAPITAL
FOREIGN CURRENCY
FOREIGN EXCHANGE
FOREIGN EXCHANGE RESERVES
FOREIGN FINANCING
FOREIGN HOLDINGS
FOREIGN INVESTORS
FUTURE GROWTH
GDP DEFLATOR
GLOBAL ECONOMY
GOLD PRICE
GOVERNMENT BOND
GOVERNMENT BOND YIELD
GOVERNMENT BOND YIELDS
GOVERNMENT DEBT
GOVERNMENT FINANCES
GOVERNMENT FINANCING
GROSS DEBT
GROSS DOMESTIC PRODUCT
GROSS FIXED CAPITAL FORMATION
HUMAN RESOURCES
IMPORT
IMPORT GROWTH
IMPORTS
INCOME
INCOME TAX
INCOME TAXES
INFLATION
INFLATION EXPECTATIONS
INFLATION RATE
INFLATIONARY EXPECTATIONS
INFLATIONARY PRESSURES
INTEREST RATES
INTERMEDIATE GOODS
INTERNATIONAL BANK
INTERNATIONAL FINANCIAL MARKET
INTERNATIONAL FINANCIAL MARKETS
INTERNATIONAL MARKET
INTERNATIONAL TRADE
INVENTORIES
INVESTMENT ACTIVITY
INVESTMENT SPENDING
INVESTOR CONFIDENCE
ISSUANCE
LAND VALUES
LIQUIDITY
LIQUIDITY RISK
LOAN
LOCAL CURRENCY
MACROECONOMIC INDICATORS
MACROECONOMIC POLICY
MARKET CONDITIONS
MARKET DEMAND
MARKET DEVELOPMENTS
MARKET PERFORMANCE
MARKET PRICE
MARKET PRICES
MARKET VOLATILITY
MERCHANDISE
MERCHANDISE TRADE
MONETARY POLICY
NET EXPORTS
NON-PERFORMING LOANS
OIL PRICE
OIL PRICES
OUTPUT
PENSION
PORTFOLIO
PORTFOLIO CAPITAL
PORTFOLIO CAPITAL INFLOWS
POVERTY REDUCTION
PRICE ADJUSTMENT
PRICE INCREASE
PRICE INCREASES
PRICE INFLATION
PRICE LEVEL
PRIMARY MARKET
PROPERTY LENDING
PROPERTY MARKET
PUBLIC FINANCES
PURCHASING
PURCHASING POWER
RAPID DEVELOPMENT
RATE OF GROWTH
REAL EXCHANGE RATE
REAL GDP
REAL INVESTMENT
REGULATORY ENVIRONMENT
RESIDENTIAL MORTGAGES
RETAIL
RISE IN INFLATION
SALES
SALES GROWTH
SAVINGS
SECONDARY MARKET
SOCIAL PROTECTION
SOLVENCY
STOCKS
STRONG DEMAND
SURPLUS
TAX
TAX COLLECTION
TAX REVENUES
TOTAL DEBT
TRADE BALANCE
TRADE DEFICIT
TRADE POLICY
TRADE SURPLUS
TRADING
TREASURY
TREASURY YIELDS
UNEMPLOYMENT
UNEMPLOYMENT RATE
URBANIZATION
VALUE ADDED
VARIABLE RATE
WAGE GROWTH
WAGES
WORKING CAPITAL
spellingShingle ACCOUNTING
ADVERSE IMPACT
AGRICULTURE
ASSET MARKETS
ASSETS
BALANCE OF PAYMENTS
BANK CREDIT
BANK DEPOSIT
BANKING SECTOR
BASIS POINTS
BENCHMARK
BENEFICIARIES
BOND FLOW
BOND ISSUANCE
BOND MARKETS
BOND SPREADS
BOND YIELD CURVE
BUDGET DEFICIT
CAPACITY CONSTRAINTS
CAPITAL ACCOUNT
CAPITAL FORMATION
CAPITAL GOODS
CAPITAL INVESTMENT
CASH TRANSFER
CASH TRANSFERS
COMMERCIAL BANK
COMMERCIAL BANK LENDING
COMMODITIES
COMMODITY
COMMODITY EXPORT
COMMODITY EXPORTS
COMMODITY PRICES
CONFIDENCE INDEX
CONSUMER EXPECTATIONS
CONSUMER GOODS
CONSUMER PRICE
CONSUMER PRICE INDEX
CONSUMER PRICES
CONSUMERS
CONSUMPTION EXPENDITURE
CORPORATE BOND
CORPORATE BOND ISSUANCE
CORPORATE PROFITS
CREDIT GROWTH
CREDIT MARKETS
CURRENCY
CURRENCY DEPRECIATION
CURRENCY EARNINGS
CURRENT ACCOUNT
CURRENT ACCOUNT BALANCE
CURRENT ACCOUNT DEFICIT
DEBT FINANCING
DEBT LEVELS
DEBT MANAGEMENT
DEBT STOCK
DEPOSIT
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPING ECONOMIES
DIRECT INVESTMENT
DISBURSEMENTS
DISINFLATION
DOLLAR BOND
DOLLAR VALUE
DOMESTIC BOND
DOMESTIC BOND MARKET
DOMESTIC BONDS
DOMESTIC EQUITIES
DOMESTIC FINANCIAL MARKETS
DOMESTIC GOVERNMENT BONDS
DOMESTIC PRICE
ECONOMIC ASSUMPTIONS
ECONOMIC DEVELOPMENT
ECONOMIC OUTLOOK
ECONOMIC SECTORS
EMERGING MARKET
EMERGING MARKET ASSETS
EMERGING MARKET EQUITIES
EMERGING MARKETS
ENERGY PRICES
EQUIPMENT
EQUITIES
EQUITY INDICES
EQUITY PRICE
EXCHANGE RATE
EXPENDITURE
EXPENDITURES
EXPORT GROWTH
EXPORT REVENUES
EXPORT SHARE
EXPORTS
EXPOSURES
EXTERNAL DEBT
EXTERNAL FINANCING
FEDERAL RESERVE
FINANCIAL CRISIS
FINANCIAL MARKET
FINANCIAL MARKET DEVELOPMENTS
FINANCIAL MARKET PARTICIPANTS
FINANCIAL MARKETS
FINANCIAL SERVICES
FINANCIAL SYSTEM
FISCAL DEFICIT
FISCAL POLICY
FIXED CAPITAL
FIXED INVESTMENT
FOOD PRICE
FOOD PRICES
FOREIGN CAPITAL
FOREIGN CURRENCY
FOREIGN EXCHANGE
FOREIGN EXCHANGE RESERVES
FOREIGN FINANCING
FOREIGN HOLDINGS
FOREIGN INVESTORS
FUTURE GROWTH
GDP DEFLATOR
GLOBAL ECONOMY
GOLD PRICE
GOVERNMENT BOND
GOVERNMENT BOND YIELD
GOVERNMENT BOND YIELDS
GOVERNMENT DEBT
GOVERNMENT FINANCES
GOVERNMENT FINANCING
GROSS DEBT
GROSS DOMESTIC PRODUCT
GROSS FIXED CAPITAL FORMATION
HUMAN RESOURCES
IMPORT
IMPORT GROWTH
IMPORTS
INCOME
INCOME TAX
INCOME TAXES
INFLATION
INFLATION EXPECTATIONS
INFLATION RATE
INFLATIONARY EXPECTATIONS
INFLATIONARY PRESSURES
INTEREST RATES
INTERMEDIATE GOODS
INTERNATIONAL BANK
INTERNATIONAL FINANCIAL MARKET
INTERNATIONAL FINANCIAL MARKETS
INTERNATIONAL MARKET
INTERNATIONAL TRADE
INVENTORIES
INVESTMENT ACTIVITY
INVESTMENT SPENDING
INVESTOR CONFIDENCE
ISSUANCE
LAND VALUES
LIQUIDITY
LIQUIDITY RISK
LOAN
LOCAL CURRENCY
MACROECONOMIC INDICATORS
MACROECONOMIC POLICY
MARKET CONDITIONS
MARKET DEMAND
MARKET DEVELOPMENTS
MARKET PERFORMANCE
MARKET PRICE
MARKET PRICES
MARKET VOLATILITY
MERCHANDISE
MERCHANDISE TRADE
MONETARY POLICY
NET EXPORTS
NON-PERFORMING LOANS
OIL PRICE
OIL PRICES
OUTPUT
PENSION
PORTFOLIO
PORTFOLIO CAPITAL
PORTFOLIO CAPITAL INFLOWS
POVERTY REDUCTION
PRICE ADJUSTMENT
PRICE INCREASE
PRICE INCREASES
PRICE INFLATION
PRICE LEVEL
PRIMARY MARKET
PROPERTY LENDING
PROPERTY MARKET
PUBLIC FINANCES
PURCHASING
PURCHASING POWER
RAPID DEVELOPMENT
RATE OF GROWTH
REAL EXCHANGE RATE
REAL GDP
REAL INVESTMENT
REGULATORY ENVIRONMENT
RESIDENTIAL MORTGAGES
RETAIL
RISE IN INFLATION
SALES
SALES GROWTH
SAVINGS
SECONDARY MARKET
SOCIAL PROTECTION
SOLVENCY
STOCKS
STRONG DEMAND
SURPLUS
TAX
TAX COLLECTION
TAX REVENUES
TOTAL DEBT
TRADE BALANCE
TRADE DEFICIT
TRADE POLICY
TRADE SURPLUS
TRADING
TREASURY
TREASURY YIELDS
UNEMPLOYMENT
UNEMPLOYMENT RATE
URBANIZATION
VALUE ADDED
VARIABLE RATE
WAGE GROWTH
WAGES
WORKING CAPITAL
World Bank
Indonesia Economic Quarterly, July 2013 : Adjusting to Pressures
relation Indonesia economic quarterly;
description The second quarter of 2013 was an eventful one as Indonesia's economy, policy settings and financial markets adjusted to pressures which have been mounting over recent quarters and to shifts in the global environment. Following slightly weaker-than-expected growth in the first quarter, there are signs that domestic demand, particularly investment, has continued to moderate. On the fiscal front, the combination of lower revenues and higher subsidy spending continued to pressure public finances. A revised Budget, incorporating a long a waited increase in subsidized fuel prices, along with a comprehensive compensation package to reduce the impact of higher fuel prices on the poor, was approved on June 17. Meanwhile, international financial markets have reacted strongly to the prospect of quantitative easing in the US winding down in coming quarters, triggering a major sell-off in emerging market assets, including Indonesia, prompting Bank Indonesia (BI) to adjust interest rates higher.
format Economic & Sector Work :: Economic Updates and Modeling
author World Bank
author_facet World Bank
author_sort World Bank
title Indonesia Economic Quarterly, July 2013 : Adjusting to Pressures
title_short Indonesia Economic Quarterly, July 2013 : Adjusting to Pressures
title_full Indonesia Economic Quarterly, July 2013 : Adjusting to Pressures
title_fullStr Indonesia Economic Quarterly, July 2013 : Adjusting to Pressures
title_full_unstemmed Indonesia Economic Quarterly, July 2013 : Adjusting to Pressures
title_sort indonesia economic quarterly, july 2013 : adjusting to pressures
publisher Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/2013/07/17966049/indonesia-economic-quarterly-adjusting-pressures
http://hdl.handle.net/10986/16613
_version_ 1764433814115844096
spelling okr-10986-166132021-04-23T14:03:30Z Indonesia Economic Quarterly, July 2013 : Adjusting to Pressures World Bank ACCOUNTING ADVERSE IMPACT AGRICULTURE ASSET MARKETS ASSETS BALANCE OF PAYMENTS BANK CREDIT BANK DEPOSIT BANKING SECTOR BASIS POINTS BENCHMARK BENEFICIARIES BOND FLOW BOND ISSUANCE BOND MARKETS BOND SPREADS BOND YIELD CURVE BUDGET DEFICIT CAPACITY CONSTRAINTS CAPITAL ACCOUNT CAPITAL FORMATION CAPITAL GOODS CAPITAL INVESTMENT CASH TRANSFER CASH TRANSFERS COMMERCIAL BANK COMMERCIAL BANK LENDING COMMODITIES COMMODITY COMMODITY EXPORT COMMODITY EXPORTS COMMODITY PRICES CONFIDENCE INDEX CONSUMER EXPECTATIONS CONSUMER GOODS CONSUMER PRICE CONSUMER PRICE INDEX CONSUMER PRICES CONSUMERS CONSUMPTION EXPENDITURE CORPORATE BOND CORPORATE BOND ISSUANCE CORPORATE PROFITS CREDIT GROWTH CREDIT MARKETS CURRENCY CURRENCY DEPRECIATION CURRENCY EARNINGS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEBT FINANCING DEBT LEVELS DEBT MANAGEMENT DEBT STOCK DEPOSIT DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DIRECT INVESTMENT DISBURSEMENTS DISINFLATION DOLLAR BOND DOLLAR VALUE DOMESTIC BOND DOMESTIC BOND MARKET DOMESTIC BONDS DOMESTIC EQUITIES DOMESTIC FINANCIAL MARKETS DOMESTIC GOVERNMENT BONDS DOMESTIC PRICE ECONOMIC ASSUMPTIONS ECONOMIC DEVELOPMENT ECONOMIC OUTLOOK ECONOMIC SECTORS EMERGING MARKET EMERGING MARKET ASSETS EMERGING MARKET EQUITIES EMERGING MARKETS ENERGY PRICES EQUIPMENT EQUITIES EQUITY INDICES EQUITY PRICE EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORT REVENUES EXPORT SHARE EXPORTS EXPOSURES EXTERNAL DEBT EXTERNAL FINANCING FEDERAL RESERVE FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL MARKET DEVELOPMENTS FINANCIAL MARKET PARTICIPANTS FINANCIAL MARKETS FINANCIAL SERVICES FINANCIAL SYSTEM FISCAL DEFICIT FISCAL POLICY FIXED CAPITAL FIXED INVESTMENT FOOD PRICE FOOD PRICES FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN FINANCING FOREIGN HOLDINGS FOREIGN INVESTORS FUTURE GROWTH GDP DEFLATOR GLOBAL ECONOMY GOLD PRICE GOVERNMENT BOND GOVERNMENT BOND YIELD GOVERNMENT BOND YIELDS GOVERNMENT DEBT GOVERNMENT FINANCES GOVERNMENT FINANCING GROSS DEBT GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION HUMAN RESOURCES IMPORT IMPORT GROWTH IMPORTS INCOME INCOME TAX INCOME TAXES INFLATION INFLATION EXPECTATIONS INFLATION RATE INFLATIONARY EXPECTATIONS INFLATIONARY PRESSURES INTEREST RATES INTERMEDIATE GOODS INTERNATIONAL BANK INTERNATIONAL FINANCIAL MARKET INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL MARKET INTERNATIONAL TRADE INVENTORIES INVESTMENT ACTIVITY INVESTMENT SPENDING INVESTOR CONFIDENCE ISSUANCE LAND VALUES LIQUIDITY LIQUIDITY RISK LOAN LOCAL CURRENCY MACROECONOMIC INDICATORS MACROECONOMIC POLICY MARKET CONDITIONS MARKET DEMAND MARKET DEVELOPMENTS MARKET PERFORMANCE MARKET PRICE MARKET PRICES MARKET VOLATILITY MERCHANDISE MERCHANDISE TRADE MONETARY POLICY NET EXPORTS NON-PERFORMING LOANS OIL PRICE OIL PRICES OUTPUT PENSION PORTFOLIO PORTFOLIO CAPITAL PORTFOLIO CAPITAL INFLOWS POVERTY REDUCTION PRICE ADJUSTMENT PRICE INCREASE PRICE INCREASES PRICE INFLATION PRICE LEVEL PRIMARY MARKET PROPERTY LENDING PROPERTY MARKET PUBLIC FINANCES PURCHASING PURCHASING POWER RAPID DEVELOPMENT RATE OF GROWTH REAL EXCHANGE RATE REAL GDP REAL INVESTMENT REGULATORY ENVIRONMENT RESIDENTIAL MORTGAGES RETAIL RISE IN INFLATION SALES SALES GROWTH SAVINGS SECONDARY MARKET SOCIAL PROTECTION SOLVENCY STOCKS STRONG DEMAND SURPLUS TAX TAX COLLECTION TAX REVENUES TOTAL DEBT TRADE BALANCE TRADE DEFICIT TRADE POLICY TRADE SURPLUS TRADING TREASURY TREASURY YIELDS UNEMPLOYMENT UNEMPLOYMENT RATE URBANIZATION VALUE ADDED VARIABLE RATE WAGE GROWTH WAGES WORKING CAPITAL The second quarter of 2013 was an eventful one as Indonesia's economy, policy settings and financial markets adjusted to pressures which have been mounting over recent quarters and to shifts in the global environment. Following slightly weaker-than-expected growth in the first quarter, there are signs that domestic demand, particularly investment, has continued to moderate. On the fiscal front, the combination of lower revenues and higher subsidy spending continued to pressure public finances. A revised Budget, incorporating a long a waited increase in subsidized fuel prices, along with a comprehensive compensation package to reduce the impact of higher fuel prices on the poor, was approved on June 17. Meanwhile, international financial markets have reacted strongly to the prospect of quantitative easing in the US winding down in coming quarters, triggering a major sell-off in emerging market assets, including Indonesia, prompting Bank Indonesia (BI) to adjust interest rates higher. 2014-01-27T18:35:06Z 2014-01-27T18:35:06Z 2013-07 http://documents.worldbank.org/curated/en/2013/07/17966049/indonesia-economic-quarterly-adjusting-pressures http://hdl.handle.net/10986/16613 English en_US Indonesia economic quarterly; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work