Indonesia Economic Quarterly, June 2019 : Oceans of Opportunity

In 2018, Indonesia’s coordinated and prudent macroeconomic policy framework underpinned steadyeconomic growth, amid global volatility and several natural disasters. Real GDP growth strengthened to 5.2 percent yoy in 2018 from 5.1 percent in 2017. G...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	ECONOMIC GROWTH FISCAL TRENDS CURRENT ACCOUNT DEFICIT LABOR MARKET POVERTY INEQUALITY RISKS ECONOMIC OUTLOOK FISHERIES COASTAL PROTECTION TOURISM SUSTAINABLE DEVELOPMENT
Online Access:	http://documents.worldbank.org/curated/en/179221561731871205/Indonesia-Economic-Quarterly-Oceans-of-Opportunity http://hdl.handle.net/10986/31993

id	okr-10986-31993
recordtype	oai_dc
spelling	okr-10986-319932021-06-14T09:59:30Z Indonesia Economic Quarterly, June 2019 : Oceans of Opportunity World Bank ECONOMIC GROWTH FISCAL TRENDS CURRENT ACCOUNT DEFICIT LABOR MARKET POVERTY INEQUALITY RISKS ECONOMIC OUTLOOK FISHERIES COASTAL PROTECTION TOURISM SUSTAINABLE DEVELOPMENT In 2018, Indonesia’s coordinated and prudent macroeconomic policy framework underpinned steadyeconomic growth, amid global volatility and several natural disasters. Real GDP growth strengthened to 5.2 percent yoy in 2018 from 5.1 percent in 2017. Growth decelerated only slightly in Q1 2019, to 5.1 percent yoy. Quarterly GDP growth has been broadly stable, remaining within a narrow range of 4.9-5.3 percent yoy for 14 consecutive quarters. The drivers of growth shifted in Q4 2018 and Q1 2019, as investment growth decelerated from multi-year highs, and both private and government consumption picked up. Investment slowed because of inventory destocking and easing fixed investment growth due to delays in new public projects in response to current account concerns, political uncertainty ahead of the general elections, and deteriorating prices of thecountry’s key commodity exports and a maturing investment cycle in the mining sector. On the other hand, growth of private and government consumption gained on stronger spending by political parties and civil servant bonuses. Private consumption was also supported by low inflation and abuoyant labor market. Indonesia’s oceans can be leveraged to make a larger contribution to the economy, both through higher revenues from tourism and fisheries and by enhancing resilience to natural disasters and climate change. This edition therefore discusses the importance of the maritime economy to Indonesia’s economic development and presents the challenges and opportunities the country faces in leveraging the maritime economy for greater prosperity. 2019-07-01T15:44:39Z 2019-07-01T15:44:39Z 2019-06 Report http://documents.worldbank.org/curated/en/179221561731871205/Indonesia-Economic-Quarterly-Oceans-of-Opportunity http://hdl.handle.net/10986/31993 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work East Asia and Pacific Indonesia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC GROWTH FISCAL TRENDS CURRENT ACCOUNT DEFICIT LABOR MARKET POVERTY INEQUALITY RISKS ECONOMIC OUTLOOK FISHERIES COASTAL PROTECTION TOURISM SUSTAINABLE DEVELOPMENT
spellingShingle	ECONOMIC GROWTH FISCAL TRENDS CURRENT ACCOUNT DEFICIT LABOR MARKET POVERTY INEQUALITY RISKS ECONOMIC OUTLOOK FISHERIES COASTAL PROTECTION TOURISM SUSTAINABLE DEVELOPMENT World Bank Indonesia Economic Quarterly, June 2019 : Oceans of Opportunity
geographic_facet	East Asia and Pacific Indonesia
description	In 2018, Indonesia’s coordinated and prudent macroeconomic policy framework underpinned steadyeconomic growth, amid global volatility and several natural disasters. Real GDP growth strengthened to 5.2 percent yoy in 2018 from 5.1 percent in 2017. Growth decelerated only slightly in Q1 2019, to 5.1 percent yoy. Quarterly GDP growth has been broadly stable, remaining within a narrow range of 4.9-5.3 percent yoy for 14 consecutive quarters. The drivers of growth shifted in Q4 2018 and Q1 2019, as investment growth decelerated from multi-year highs, and both private and government consumption picked up. Investment slowed because of inventory destocking and easing fixed investment growth due to delays in new public projects in response to current account concerns, political uncertainty ahead of the general elections, and deteriorating prices of thecountry’s key commodity exports and a maturing investment cycle in the mining sector. On the other hand, growth of private and government consumption gained on stronger spending by political parties and civil servant bonuses. Private consumption was also supported by low inflation and abuoyant labor market. Indonesia’s oceans can be leveraged to make a larger contribution to the economy, both through higher revenues from tourism and fisheries and by enhancing resilience to natural disasters and climate change. This edition therefore discusses the importance of the maritime economy to Indonesia’s economic development and presents the challenges and opportunities the country faces in leveraging the maritime economy for greater prosperity.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Indonesia Economic Quarterly, June 2019 : Oceans of Opportunity
title_short	Indonesia Economic Quarterly, June 2019 : Oceans of Opportunity
title_full	Indonesia Economic Quarterly, June 2019 : Oceans of Opportunity
title_fullStr	Indonesia Economic Quarterly, June 2019 : Oceans of Opportunity
title_full_unstemmed	Indonesia Economic Quarterly, June 2019 : Oceans of Opportunity
title_sort	indonesia economic quarterly, june 2019 : oceans of opportunity
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/179221561731871205/Indonesia-Economic-Quarterly-Oceans-of-Opportunity http://hdl.handle.net/10986/31993
_version_	1764475593374564352

Indonesia Economic Quarterly, June 2019 : Oceans of Opportunity

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