Inflation Control and Financial Facilities Strategy
Outlook of Domestic Economy Remains Robust
...domestic economic growth is predicted to be moderated in 2020 and rebound in 2021
2020 Economic Outlook
• Bank Indonesia projects economic growth in 2020 at the range 0.9%-1.9%, revised down from around 2.3%.
Bank Indonesia projects headline inflation in 2020 below the lower bound of the target corridor before returning to the target
range of 3.0%±1% in 2021
Bank Indonesia projects a low current account deficit in 2020 at below 1.5% of GDP, which is also expected to remain under
control in 2021, bolstered by external sector resilience.
Bank Indonesia projects growth of outstanding loans disbursed by the banking industry in 2020 in the 6-8% range, revised
down from 9-11% previously, in line with the revised economic growth projection in 2020.
الله
LOAN
π
Rp
Economic Growth
Inflation
CAD (% of GDP)
Credit Growth
2018
Realization
5.17%
3.13%
2.98%
11.75%
2019
5.02%
2.72%
2.71%
6.08%
Realization
below
2020
0.9%-1.9%
below 1.5%
6.0-8.0%
3.0±1%
Source Bank Indonesia
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