Difficult to Push Economy
External factors, including global economic uncertainties, will add to the pressure on the Indonesian economy. Despite strong domestic economic fundamentals, it will be difficult to drive economic growth this year.
A teller counts US dollars at the head office of Bank Mandiri, Thursday (28/6/2018). Bank Indonesia’s Jakarta Interbank Spot Dollar Rate (Jisdor) showed the rupiah weakening to Rp 14.271 per US dollar, the lowest level in more than three years, amid negative market sentiment and unsupportive fundamentals.
JAKARTA, KOMPAS – External factors, including global economic uncertainties, will add to the pressure on the Indonesian economy. Despite strong domestic economic fundamentals, it will be difficult to drive economic growth this year.
External factors include the escalating US-China trade war, the expected decline in China\'s economic growth to 6.5 percent this year, trade barriers imposed by India and the European Union, and the rise in world crude prices.