BI Global Economic Predicts 3.9 Percent in 2018

By : Wiyanto Dan Aldo Bella Putra | Friday, June 29 2018 - 18:10 IWST

Deputi Gubernur BI Perry Warjiyo (Foto Ist)
Deputi Gubernur BI Perry Warjiyo (Foto Ist)

INDUSTRY.co.id - The global economy is marked by tightening global liquidity and financial market uncertainty remains high amid a steady rise in global economic growth in 2018.

Bank Indonesia (BI) Governor Perry Warjiyo estimates global economic growth in 2018 is expected to remain at 3.9%, higher than the previous forecast of 3.8%.

"This is driven by the continued acceleration of the US economy, strong growth of the European economy and China's high economic growth," he said in Jakarta, Friday (06/29/2010).

He said the prospect of an improving global economic recovery boosted world trade volume, which then impacted commodity prices that remained strong. At the same time, however, global liquidity conditions tightened and global financial market uncertainty remained high on the back of more aggressive FFR forecasts post FOMC June 2018 and high volatility of US bond yields.

He said that the heightened global uncertainty was also influenced by the policy of the European Central Bank (ECB) which lowered net asset purchases, the policy of the central bank of China (PBoC) which lowered GWM, rising oil prices, and tensions between US-China trade ties which is increasing again.

"The uncertainty in turn triggered a global strengthening of the dollar and triggered a reversal of capital from developing countries that weakened the currencies of many countries, including the Rupiah." Such conditions require an appropriate policy response to maintain financial market yields in developing countries to remain attractive to investors," he said.

News Comment

Today's Industry

Mechatronic Calotte Loader mWL.cs

Sabtu, 23 Januari 2021 - 17:50 WIB

Mechatronic Systemtechnik Unveils Proprietary Calotte Loader mWL.cs

A fully automated stand-alone system for transferring wafers between cassettes and calottes, the mWL.cs provides integrated device manufacturers (IDMs) an opportunity to increase yield and improve…

Synopsys Software

Rabu, 13 Januari 2021 - 18:40 WIB

Synopsys Recognised as a Leader in Static Application Security Testing by Independent Research Firm

Synopsys receives highest score among 12 SAST providers in current offering category.

Electro-Balancer (E-Balancer)

Rabu, 13 Januari 2021 - 16:00 WIB

ZASCHE Handling Rolls Out New Range of Electric Balancers

the E-Balancer is a versatile tool suited for a broad range of heavy-duty industrial applications.

Taylor Armerding, Software Security Expert at Synopsys Software Integrity Group (Photo by Linkedin)

Rabu, 13 Januari 2021 - 15:40 WIB

What is the Cost of Poor Software Quality in the U.S.?

And if you doubt its credibility, or that it applies to software, check out the latest report from the Consortium for Information & Software Quality (CISQ), in partnership with Synopsys, “The…

Nivedita Murthy - Senior Security Consultant, at Synopsys Software Integrity Group

Jumat, 08 Januari 2021 - 17:35 WIB

DevSecOps: The good, the bad, and the ugly

DevSecOps is the practice of integrating security into every stage of the DevOps pipeline.