JAKARTA. Reversing the slower growth forecast for 2014 will require more focused policy responses, says the World Bank’s (WB) latest Indonesia Economic Quarterly report. Further structural reforms are needed to support export performance and encourage long-term faster growth in Indonesia, the report says. “With lower export demand and lower commodity prices, as well as market volatility and tighter external financing conditions, Indonesia has navigated a difficult year well. Prudent monetary policy helped the economy adjust to continuing pressures,” WB country director for Indonesia Rodrigo Chaves said in an official release on Monday.
RI forecast shows slower growth in 2014: WB
JAKARTA. Reversing the slower growth forecast for 2014 will require more focused policy responses, says the World Bank’s (WB) latest Indonesia Economic Quarterly report. Further structural reforms are needed to support export performance and encourage long-term faster growth in Indonesia, the report says. “With lower export demand and lower commodity prices, as well as market volatility and tighter external financing conditions, Indonesia has navigated a difficult year well. Prudent monetary policy helped the economy adjust to continuing pressures,” WB country director for Indonesia Rodrigo Chaves said in an official release on Monday.