Open AccessQUARTERLY ANALYSIS: The Progress of Monetary, Banking and Payment System Third Quarter – 2010
Author(s) -
Author Team of Quarterly Report Bank Indonesia
Publication year - 2010
Publication title -
deleted journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 4
ISSN - 2460-9196
DOI - 10.21098/bemp.v13i2.387
Subject(s) - consumption (sociology) , investment (military) , economics , china , quarter (canadian coin) , indonesian , monetary economics , consumer confidence index , international economics , agricultural economics , business , macroeconomics , social science , linguistics , philosophy , archaeology , sociology , politics , political science , law , history
The acceleration of economic growth in Indonesia was still continuing and the macroeconomic stability was maintained. Accelerating economic growth was driven by the increased consumption and exports and investment. Consumption was increased by the optimism sparked by consumer confidence, availability of consumption financing and low import prices. Meanwhile, the improved export activity that remained improving was resulted from the strong demands mainly from China and India. The increasing domestic and international demand has resulted in increased investment growth. The Indonesian economy in 2010 was estimated to grow 6.0% -6.3% and in 2011 to reach 6.0% -6.5% range.