Macro Up but Business getting Tougher
Tuesday, May 17, 2016
Last week, the government announced this year's first-quarter growth rate reached 4.92 percent, slightly higher than the 4.73 percent growth for the same period last year. Earlier, April inflation, year-on-year, was reported to drop to 3.60 percent, still comfortably within Bank Indonesia's inflation target range. Also, the rupiah remained stable at Rp13,300 per US dollar, just slightly weaker than previous week's Rp13.100 per US dollar level.
In addition, a team from Standard & Poor's (S&P) recently met with the government, which points to a possible rise in Indonesia's sovereign ratings, which for quite some time have languished at the BB+ level, one notch below investment grade. So far, S&P is the only major global rating agency that has not issued Indonesia an investment grade, as Moody's and Fitch have done.
arsip tempo : 173160313736.
Last week, the government announced this year's first-quarter growth rate reached 4.92 percent, slightly higher than the 4.73 percent growth for the same period last year. Earlier, April inflation, year-on-year, was reported to drop to 3.60 percent, still comfortably within Bank Indonesia's inflation target range. Also, the rupiah remained stable at Rp13,300 per US dollar, just slightly weaker than previous week's Rp13.100 per US dollar level.
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