WB: Indonesian economy to grow higher in next two years
The World Bank forecast that Indonesia would grow 5.3 percent and 5.4 percent by 2018 and 2019, respectively, higher than 5.02 percent recorded in 2016.
Jakarta (VNA) – TheWorld Bank forecast that Indonesia would grow 5.3 percent and 5.4 percent by2018 and 2019, respectively, higher than 5.02 percent recorded in 2016.
According to the East Asia and Pacificeconomic update recently released by the lender, the growth projection is basedon the pace of the world economic recovery, which is predicted to grow 2.7percent by 2018 and 2.9 percent by 2019, compared to 2.3 percent in 2016.
WB leading economist Hans AnandBeck commented that the Indonesian economy could benefit from credit activitiesand increase in the prices of fuel and other commodities.
With a surplus of 13 billion USD,Indonesia is in the 15th place in the list of 16 partnerswith which the US posts trade deficit. China tops the list with a surplus of347 billion USD, followed by Japan, Germany, Mexico, Ireland, Vietnam, Italy,the Republic of Korea, Malaysia, India, Thailand, France, Switzerland, Taiwan (China),and Canada.-VNA
Indonesian imports rose 17.65 percent to 13.36 billion USD in March from 8.89 billion USD in February this year, the Central Bureau of Statistic (BPS) said.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
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Illustrative image (Source: channelnewsasia.com) 
