Emerging Market Growth Prospects: Indonesia

Description

Indonesia is witnessing a growing middle class population, which shielded the economy during the global economic downturn. Growth stood at 6.2% in 2012. The country has, however, been witnessing a deteriorating trade deficit and sliding rupiah since 2012, and a tight monetary policy has been pursued in 2013 to correct these factors and put Indonesia back on the growth track. Indonesia launched an economic masterplan for 2011–2025 with the target of becoming a developed country by 2025, and total spending for the duration of the masterplan is estimated at $468.50 billion. The country stands to benefit from several demographic advantages and positive industrial prospects for industries such as automotive, healthcare, energy, and ICT.