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View all search resultsBank Indonesia has announced that the current account deficit increased to US$31.1 billion, 2.98 percent of gross domestic product (GDP), in 2018 from the previous year, which stood at $17.29 billion, 1.7 percent of GDP.
Coordinating Economic Minister Darmin Nasution said on Friday that the current account deficit would reach 3 percent of gross domestic product (GDP) by the end of 2018, but stressed that there was nothing to worry about.
The swelling trade and current account deficits are a serious matter for the country’s economy as it will negatively affect the rupiah’s performance and the country’s resistance to the external pressure triggered by global economic uncertainty, economists say.
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