Economic Outlook 2017: Indonesia

Given Indonesia’s 2016 performance, in which fiscal reform, accommodative monetary policy and key market factors combined to produce gross domestic product growth of 5.1 percent, the question for 2017 is, "Can it happen again?" The Indonesian government remains cautious, setting a target of 5.1% GDP growth for this year, while the World Bank’s estimate is more optimistic at 5.3%. “We expect growth to remain stuck at around its current rate of 5% for the next couple of years,” said Oliver Jones, an economist at Capital Economics, a London research firm.

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