Indonesia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Indonesia
IMF Staff Country Reports, February 3, 2017
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- Indonesia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Indonesia
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Bibliographic details
- Published: February 3, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475574807.002
Overview
- The 2016 Article IV Consultation highlights that Indonesia has maintained macroeconomic stability, while adjusting well to recent shifts in the external environment.
- A prudent mix of macroeconomic policies and the launch of structural reforms helped the economy weather:
- slow global growth,
- the commodity down cycle,
- several episodes of financial turbulence affecting emerging market economies.
Macroeconomic performance and outlook
- Growth in 2016 is projected at 5 percent on account of robust private consumption.
- In 2017, growth is expected to rise modestly to 5.1 percent, led by:
- a gradual pickup in private investment in response to stronger commodity prices,
- low interest rates,
- a recovery in external demand on the back of a pickup in global growth and trade.
Policy mix and structural reforms
- The combination of a prudent macroeconomic policy mix and launched structural reforms is credited with supporting resilience amid external shocks.
- Policy drivers cited for the expected pickup in 2017 include:
- stronger commodity prices,
- low interest rates,
- improved external demand linked to global growth and trade.
Subjects and keywords
- Subjects: Banking, Commodity prices, Expenditure, National accounts, Prices, Private investment, Public debt, Revenue administration
- Keywords: bond yield, Commodity prices, CR, currency government bonds yield, Global, government bond bond yield, government bond yield, IMF financial system assessment program mission, ISCR, Local Currency government bonds bond yield, market movement, Private investment, regime, staff appraisal
Content in this bundle
- Country Report