Indonesian Political, Business & Finance News

Archive: 7 August 2015

2 articles found

Indonesia needs institutional reforms to boost growth

Over the last five years, Indonesian gross domestic product (GDP) growth peaked at 6.5 percent in the first quarter of 2011 and has steadily fallen to 4.71 percent in the first quarter of 2015. Growth slid further in the second quarter to 4.67 percent, underlining the challenge for the government to revitalize the economic structure to make it strong and balance.

Indonesian economic growth continues decline as Q2 figures show drop to 2009 levels

The Indonesian economy has logged another quarter of growth below 5 per cent, underscoring the difficulty facing a new president who had pledged to boost economic activity and jobs in South-East Asia's largest economy. The figure from Indonesia's official statistics agency shows gross domestic product (GDP) growth at 4.67 per cent for the second quarter, its lowest levels since 2009. "What the number certainly tells us is that the Indonesian economy is struggling to find a base.