Open AccessQUARTERLY ANALYSIS: THE DYNAMICS OF MONETARY, BANKING AND PAYMENT SYSTEM, QUARTERLY II, 2013
Author(s) -
Bank Indonesia Quarterly Report Team
Publication year - 2014
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.v16i1.434
Subject(s) - quarter (canadian coin) , economics , slowdown , economic slowdown , inflation (cosmology) , purchasing power , monetary economics , consumption (sociology) , investment (military) , international economics , macroeconomics , economic growth , geography , social science , physics , archaeology , sociology , politics , theoretical physics , political science , law
The national economy showed lower growth than the first quarter of 2013 due to the impact of the global economic slowdown and rising inflation in the country. After registering a growth of 6.0% (yoy) in the first quarter of 2013, Indonesia’s economic growth slowed to 5.8% (yoy) in the second quarter of 2013. Despite positive growth, exports are still not strong enough to support economic growth as a result of the weakening global economic demand. Exports are not strong and the weakening purchasing power due to inflation has increasing influence to slowdown household consumption as well as non-construction investment.