Open AccessQUARTERLY ANALYSIS: The Progress of Monetary, Banking and Payment System Quarter I – 2012
Author(s) -
Author Team of Quarterly Report Bank Indonesia
Publication year - 2012
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 4
ISSN - 2460-9196
DOI - 10.21098/bemp.v14i4.407
Subject(s) - quarter (canadian coin) , indonesian , recession , business , payment , economics , international economics , finance , geography , macroeconomics , philosophy , linguistics , archaeology
The Indonesian economy in the First Quarter 2012 grew by 6.3% (yoy). The main source of economic growth came from domestic consumption thatremained strong and in line with consumer optimism (which also remained high), and investments (PMTB) supported by a conducive business climate with the potential for increased funding. Meanwhile, export growth slowed down due to the performance of the continuing global economic downturn which has depressed the absorption of the main trading partner countries. Amid the sluggish performance of exports, imports still grew fuelled by a strong domestic demand. Looking ahead, Indonesia»s economic outlook remains strong overall in 2012 ranging from 6.3 to 6.7% growthamidst many risk factors.