Bank Indonesia

Bank Indonesia: Although Jokowi promised market-friendly policies, he also set a more nationalist tone in the campaign trail, favoring an agenda focused on protecting local resources and firms, and thus adding to concerns among foreign investors, according to Deutsche Welle. DW: Many analysts argue that Indonesia economy has underperformed in recent years. Bank Indonesia - the country central bank has cut its full-year forecast to 5.1 percent from as high as 5.9 percent. Why does the economy seem to be losing vitality and Former Jakarta governor Joko "Jokowi" Widodo is scheduled to be inaugurated as president on October 20, after defeating his presidential contender, ex-general Prabowo Subianto, in the July 9 polls. For the next five years, the 53-year-old politician will have to deal not only with a hostile parliament - given that most of its members are aligned with the losing candidate - but also with reviving Southeast Asia largest economy whose growth has started to slow over the past months and whose current account deficit remains high. Rajiv Biswas, Asia-Pacific Chief Economist at the analytics firm IHS, says in a DW interview that if President Jokowi incoming government is not able to pursue key reforms to improve the business climate and make Indonesia more competitive, global investors could easily lose confidence in the business outlook. (news.financializer.com). As reported in the news.