Indonesia: No Sweat over Growth Moderation

Economist, Centennial Asia Advisors

Jason Tan

Economist

Centennial Asia Advisors

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Economic Policy and Strategic Advisors

Macroeconomics

<ul><li>Following years of below-trend growth, Indonesia is on track to achieve higher and more sustainable growth rates under the judicious management of current President Joko Widodo (Jokowi). His three major policy initiatives are beginning to yield results, albeit slowly:</li><li>The first is fiscal prudence which has provided the room for necessary infrastructure expenditure. The second is improved governance which has improved the nation’s business environment. And the third is the tackling of infrastructure bottlenecks, which has got off to a slow start but is beginning to move ahead.</li><li>President Jokowi faces political challenges but has so far been able to contain them. He continues to strengthen the coalition backing him and will be able to push through more vital policy reforms in the future.</li></ul>

Following years of below-trend growth, Indonesia is on track to achieve higher and more sustainable growth rates under the judicious management of current President Joko Widodo (Jokowi). His three major policy initiatives are beginning to yield results, albeit slowly:The first is fiscal prudence which has provided the room for necessary infrastructure expenditure. The second is improved governance which has improved the nation’s business environment. And the third is the tackling of infrastructure bottlenecks, which has got off to a slow start but is beginning to move ahead.President Jokowi faces political challenges but has so far been able to contain them. He continues to strengthen the coalition backing him and will be able to push through more vital policy reforms in the future.

Indonesia in 2017: Accumulation of Positives Enhances Long-Term Growth Prospects