Indonesia’s economy came out of the gate strong in 2017. Aided by a more supportive global environment and improved domestic fundamentals, the country’s real GDP growth is projected to increase from 5.2 percent this year to 5.3 percent in 2018, according to the World Bank’s June 2017 Indonesia Economic Quarterly. The W
Indonesia's economy came out of the gate strong in 2017. Aided by a more supportive global environment and improved domestic fundamentals, the country's real GDP growth is projected to increase from 5.2 percent this year to 5.3 percent in 2018, according to the World Bank's June 2017 Indonesia Economic Quarterly. The World Bank noted the country's strong fiscal performance in the first half of this year is also accompanied by improved revenue collection in relation to last year, and better quality of expenditure. Furthermore, more realistic revenue targets in the 2017 budget reduced the need for substantial budget cuts like the ones undertaken in 2016, furthered the World Bank.
Now, on the heels of Standard and Poor's (S&...