Indonesian Economic Development

        Global economic developments. The annual meeting of the world and the International Monetary Fund held in Washington DC in October 9-15 highlighted the prospect of world economy, poverty eradication, economic development, and aid effectiveness of the Fund.
The IMF predicted economic growth of Indonesia 5.2% in 2017 and 5.3% in the year 2018. Economic growth of 0.1% driven by projections of economic growth and external demand.
The World Bank highlighted the acceleration of economic recovery in East Asia and the Pacific in the first half of the year 2017. Budget deficit is declining or stable in countries with a relatively low inflation rate also provides space for accommodating monetary policy.
The World Bank's EODB release year 2018 that includes 11 indicators in ease of opening and running a business is relatively in 190 countries. Indicators is the ease of starting a business, permit the establishment of buildings, property registration, electrical connections, access to credit, protection of the regulation of cross-border settlement, bankruptcy, contracts, and employment.

          Domestic developments
Economic growth in the  III reached 5.06% in the previous year which was only 5.01%. Hurricane status by the growth of international trade investment with high passes, 7.11%, Government consumption grew 3.5% positive and stable household consumption 4.9%.
The unemployment rate in August reached 5.50% 2017 or down 0.11% during August 2016 amounted to 5.61%.

(dok: BPS)

The price of crude oil has increased Indonesia back is quite high in October 2017 US 1.55 infusion of US $52.47 in September for US $54.02 infusion in October. Lifting oil Indonesia in September reached 816.3 thousands enter per day or higher compared to the previous month to reach 801.3 thousand entries per day.Infalasi CPI occurred from 0.01% driven by increased spending on food, beverages, cigarettes, and tobacco.
Bank Indonesia keeping the reference interest rate in October 2017 after the previous two consecutive months to overthrow the emperor.
With the increasing competition from The external sector, the exchange rate of the Rupiah against the U.S. dollar in October 2017 depreciating.
Composite stock price index in October 2017 managed to create a record with the numbers above 6,000 penetrate
Financial markets in October 2017 greatly weakened by pressures from the external side
The value of exports and imports from Indonesia on Septermber 2017 has decreased compared to the previous month. The value of exports down 4.51% or $14.54 billion of the U.S. led in exports of non oil and gas sector. The value of imports I am down 5.39% for the month of August or fall reaches US $12.78 billion.
Realization of the State budget until October 2017: State income realization reached 1,238.2 billion rupiah (71.3% against APBNP) better than the same period of the previous year which was only reached Rp. 1,187, 1 trillion.

Trivena Br sihombing