Jakarta (Antara Bali) - Bank Indonesia continues to monitor global economic risks
during the next few weeks, particularly after the US Federal Reserve has
normalized its policies.
The global economic recovery continued but has moved in a
slower-than-expected pace, executive director of the central banks
communication department Tirta Segara said here on Thursday.
This had to do with the downward revision of the US economic growth
forecast after the first-quarter gross domestic product was lower than
expected due to extreme cold weather in that country, he said.
"Despite being slow, the global economic recovery will continue,
fueled by improving economies of developed countries owing to monetary
stimulus," he said.
On the contrary, the economies of developing nations tended to slow
down, particularly as a result of Chinas economic rebalancing process.
Meanwhile, the commodity prices showed a downward trend, he said.
The second-quarter domestic economic growth also showed a downward
trend. Although household consumption was expected to slow down, it
still showed strong growth, he said.
Government consumption is predicted to grow at slower-than-expected
pace due to a delay in the payment of the 13th salary until the third
quarter of 2014 and curtailed budget of ministries and government
institutions.(WDY)
Related News
Bank Indonesia again maintains reference rate at 4.25 pct
Friday, 19 Januari 2018 9:05
Indonesian Government Optimistic of Achieving 6.6% Growth Target in 2016
Thursday, 30 April 2015 7:13
Domestic Revenues Down
Wednesday, 19 Juni 2013 10:22
Credit Growth Down in March
Tuesday, 14 Mei 2013 18:36
RI's GDP to Increase to 6.5 Pct in 2013
Wednesday, 9 Januari 2013 17:03
RI Has Opportunities Strengthen Domestic Industries
Thursday, 2 Agustus 2012 14:50
President Emphasizes Of Domestic Trade
Friday, 27 Juli 2012 16:41
RI's GDP Reach 9 Trillion US Dollars
Wednesday, 11 April 2012 17:35
BI Keeps Key Rate At 5.75 Percent
Thursday, 8 Maret 2012 17:15
RI's GDP Predicted To Grow Six Percent In 2012
Tuesday, 17 Januari 2012 19:59
BI Bali fasilitasi UMKM gunakan pemasaran digital
Thursday, 26 November 2020 19:55
Indonesia in the Philippines agree to enhance trade and investment
Tuesday, 2 April 2019 20:47