IMF NEWS

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Vendor sells hats in downtown market in Jakarta, Indonesia. Private consumption is a large driver of economic growth for the country, says IMF (photo: Bagus Indahono/EPA/Newscom)

Indonesia: Resilient Economy Can Benefit from Stronger Reforms

February 3, 2017

  • Indonesia’s growth at 5 percent highest in large emerging market economies in 2016
  • External risks, like China’s rebalancing, pose challenges to favorable outlook
  • Government to continue with reforms to boost investment, growth

Indonesia’s economy continues to register strong growth, thanks in large part to solid economic policies and increased household consumption, says the IMF in its latest report. The country’s growth at 5 percent for 2016—up from 4.8 percent in 2015—remains among the highest in large emerging market economies.

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