Indonesia Economic Outlook (2-revised): BI Rate 4-6%

This is a revised version compared to the previous version. It dues to the different rate. I predicted the rate would go in a range of 6-8% mostly because the Central Bank may play hard on the rate. I believe that the Central Bank would stick to its Inflation Targeting Program. However, I had reviewed the last action by the Central Bank which do not relate anymore with its Inflation Targeting. This shows that the Central Bank would cut the rate further in the next 11 months and put the Inflation Targeting aside.

IIF: Global Outlook

The Institute of International Finance Inc, has released its global economic outlook in 2009. The full view can be accessed from the www.iif.com to gain access to Global Economic Forecasts and Financial Market Forecasts.
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PRESS
Press Releases
Further Declines in GDP Seen for 2009 for Leading Industrial Countries, But Some Gains Likely Towards Year’s End
“Comprehensive, coherent and globally coordinated policies are essential to strengthen financial markets and revive growth,” says IIF Managing Director Charles Dallara.

Washington DC, December 18, 2008 — Steep declines in real gross domestic product are likely in the current quarter and in the next quarter in the United States, the Euro-zone countries and in Japan. Overall, 2009 will see falls in output in these countries and rising unemployment, but a revival of growth may start in the late summer of next year, forecast the economists at the Institute of International Finance. World GDP is expected to decline for the first time in recent history in 2009 with a projected fall of 0.4 percent, after a 2 percent gain this year.

Indonesia Economic Outlook 2009 (1): Inflation 2-4%

This is my first posting on the Indonesia Economic Outlook 2009 series. I write them in several postings since it suit to the blog reader. I will make them simple, easy to catch, and acceptable. Reader can propose topic to these series if they are not covered yet. This series will cover Inflation, BI Rate, Currency Rate, and Oil Price. Now, let’s start with the inflation.