REPUBLIKA.CO.ID, JAKARTA - The economic slowdown hit a number of emerging market countries, such as China, Brazil, India, Turkey and South Africa since the middle of 2013 until the first quarter of 2014. Indonesia can survive from the impact of economic slowdown, based on gross domestic product (GDP) and trade balance.

Presidential Special Staff for Economy and Development, Firmanzah said that Indonesia's economic fundamental continued to improve though it was still overshadowed by global pressures, especially from several countries, such as China and Japan as strategic partners.

"Indonesia's economic growth in the first quarter of 2014 was the accumulation of internal and external pressures," Firmanzah said on Monday.

Global commodity price that continues to decline due to extreme weather and slowing global demand becomes the external pressure. Depressed global demand especially came from countries, which had high demand, such as China, US, Japan and Europe.

From the internal side, the threat of trade balance deficit encouraged government to control import and export ban on raw materials. Statistic Indonesia (BPS) announced Indonesia's GDP growth of 5.21 percent year on year (yoy).

All economic sectors experienced the growth, except mining sector which declined 0.38 percent. Transportation and telecommunication are two sectors with the highest growth of 10.23 percent.

Ikuti Whatsapp Channel Republika