Indonesia Economic Outlook
Economist and Hedge Fund Manager Shayne Heffernan of www.livetradingnews.com takes a look at Indonesia.
Indonesia’s economy has so far remained resilient in the face of a global slowdown thanks to robust investment and buoyant domestic demand in the world’s fourth most populous nation. Healthy third quarter GDP numbers indicate growth for the full year is likely to come in within Bank Indonesia’s 2012 target of 6.1-6.5 percent.
The continued strength of domestic consumption was highlighted by a 28 percent jump in vehicle sales in September, despite new down payment requirements for auto purchases.
Retail sales grew by 11.4 percent in August, down from 20 percent a month earlier.
Despite infrastructure constraints and corruption, Indonesia booked a record foreign direct investment of Rp 56.6 trillion Indonesian ($5.88 billion) in the third quarter, up 22 percent from a year ago.
Growth
Solid macroeconomic policy and structural reforms over the last decade, on top of solid fundamentals, have placed Indonesia in a strong position to deal with the continuing uncertainty in the global environment, say IMF economists in their regular assessment of one of Asia’s largest economies.
“Corporate and financial sector balance sheets are healthy, and the sharp reduction in the public sector debt burden has provided the authorities with room to respond with further stimulus if needed,” says the IMF’s mission chief for Indonesia, Sanjaya Panth.
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Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals. He is also an active consultant working with Corporations around the World.
He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
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