Indonesia Economic Quarterly, December 2019 : Investing in People
Amid challenging global economic conditions and a substantial deterioration of its terms-of-trade, Indonesia’s economic growth decelerated to 5.0 percent in the third quarter of 2019, from 5.1 percent in Q2. Domestic drivers of growth slowed. Fixed investment growth weakened further in Q3 given...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/622281575920970133/Investing-in-People http://hdl.handle.net/10986/33033 |
| Summary: | Amid challenging global economic conditions and a
substantial deterioration of its terms-of-trade,
Indonesia’s economic growth decelerated to 5.0 percent
in the third quarter of 2019, from 5.1 percent in Q2. Domestic drivers of growth slowed.
Fixed investment growth weakened further in Q3 given
the significant decline in commodity prices, and as
political uncertainty lingered prior to the announcement
of the new cabinet. Total consumption
also slowed, with Government consumption
decelerating markedly. This weakness in domestic
demand was mirrored by a large contraction of import
volumes, which together with flat exports meant that
net exports made a large contribution to growth. |
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