"The Indonesian growth is still better than that of other commodity exporting countries," Chief of the World Bank representative for Indonesia Rodrigo Chavez said while launching the Indonesia Economy Quarterly Report of October 2015 edition here on Thursday.
Indonesia is facing the same challenge as other countries because of Chinas effort toward economic rebalancing and the US preparations for the normalization of its monetary policy.
The Indonesian governments efforts, including granting stimuli, reforming policies and improving the quality of its state spending have helped the country overcome the global volatility which has hampered economic growth.
"Of course, the efforts can also help Indonesia reduce (its burden) in the following years," he said.
Indonesias national gross domestic product (GDP) remained at 4.7 percent in the second quarter due to the weakening global trade, low commodity prices, and slow investment and domestic consumption growth, he said.
"The implementation of the governments policy is a good step in the reform efforts, thereby strengthening investors confidence," he said.
Meanwhile, World Bank chief economist Ndiame Diop said various policies taken by the Indonesian government amid global economic uncertainty have propped up budget absorption in the third quarter to 21.4 percent in the real condition during the first nine months of 2015 compared to the same period last year. (*)
Editor: Heru Purwanto
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