Indonesia: Recent Economic Developments
Summary:
This paper reviews economic developments in Indonesia during 1994–96. Following the easing of domestic demand pressures, the focus of monetary policy shifted in early 1993/94 to supporting economic growth, as concerns developed over an incipient weakening of export performance and output. At the same time, the fiscal position was strengthened. Reflecting the strong growth in non-oil/gas revenue, the overall central government deficit, excluding oil/gas revenue, declined by 2 percentage points of GDP. With the shift in monetary policy, interest rates declined rapidly, and there was a strong pickup in credit to the private sector.
Series:
Country Report No. 1996/092
Subject:
Banking Commodities Credit Expenditure Exports Imports International trade Money Oil
English
Publication Date:
September 6, 1996
ISBN/ISSN:
9781451818192/1934-7685
Stock No:
1IDNEA0011996
Pages:
119
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