QUARTERLY ANALYSIS: The Progress of Monetary, Banking and Payment System Quarter IV – 2012

Abstract

Indonesia’s economic growth in the fourth quarter 2012 was still going strong, although it was slower than the previous quarter. Indonesia’s economic growth in the fourth quarter of 2012 reached 6.11%, while for the whole of 2012 it reached 6.23%. Good economic growth was supported by quite strong domestic demand. Consumption and investment performance still grew strong during this quarter, though it was moderate compared with the previous period. Export performance began to show improvement in line with the economic recovery in some major trading partner countries. Imports recorded a high growth along with the strong domestic demand. Looking ahead, for the whole of 2013, economic growth is expected to reach the range of 6.3% - 6.8%.