Indonesia: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Indonesia

June 25, 2023

Preview Citation

Format: Chicago

Indonesia: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Indonesia, (USA: International Monetary Fund, 2023) accessed October 6, 2024

Summary

Outlook and risks. The Indonesian economy performed strongly in 2022, driven by a recovery in domestic demand and solid export performance. Growth is projected to moderate slightly in 2023 amid tighter domestic policy settings and the normalization of commodity prices, while inflationary pressures are expected to subside, with inflation falling within BI’s headline inflation target band in the second half of 2023. Risks are balanced, but a highly uncertain global economic environment continues to cloud the outlook. Continued high inflation and growth slowdown in major economies, lower commodity prices, and heightened volatility in global financial markets constitute key near-term risks.

Subject: Commodity prices, Economic growth, Economic recovery, Financial sector policy and analysis, Financial sector stability, Inflation, International organization, Monetary policy, Prices, Public debt

Keywords: Commodity prices, Development agenda, Diversification strategy, Economic recovery, Financial sector stability, GDP estimate, Global, Inflation, PPI weight, Quarterly producer price index

Publication Details

Pages:

104
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/221
Stock No:

1IDNEA2023002
ISBN:

9798400244988
ISSN:

1934-7685

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