Indonesia: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Indonesia
IMF Staff Country Reports, July 31, 2019
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- Indonesia: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Indonesia
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Bibliographic details
- Published: July 31, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513509129.002
Economic performance in 2018
- Indonesian economy "performed well in 2018, despite external headwinds, including capital flow reversals."
- Growth "stabilized above 5 percent."
- Inflation "eased to around 3 percent."
- A "surge in imports and weak export growth contributed to a higher current account deficit."
Projections and near‑term outlook
- Growth is "projected to remain stable over the medium term."
- Inflation is "expected to remain within the target band."
- The current account deficit is "expected to narrow gradually on lower imports."
Risks and external vulnerabilities
- Risks are "tilted to the downside and are mainly external."
- Reliance on portfolio inflows to finance the twin deficits leaves Indonesia "vulnerable to capital flow reversals."
Structural constraints and implications for inclusive growth
- Harnessing Indonesia’s demographic dividend and "creating quality jobs for the young and growing population" requires a stronger impetus to growth.
- Growth has been constrained by structural weaknesses, including:
- "low tax revenues"
- "shallow financial markets"
- "labor and product market rigidities"
Key statistics and publication metadata (as presented)
- Pages: 83
- Volume: 2019
- Issue: 250
- Series: Country Report No. 2019/250
- DOI: https://doi.org/10.5089/9781513509129.002
- Stock No: 1IDNEA2019001
- ISBN: 9781513509129
- ISSN: 1934-7685
Source: International Monetary Fund — Indonesia: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Indonesia (July 31, 2019).
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