The National Development Planning Agency (Bappenas) projects the current account deficit to reach US$24.9 billion this year, or 2.6% – 2.9% of the gross domestic product (GDP), above the government’s target of 2.5%. In 2013, the current account deficit reached US$28.5 billion, increased from US$24.4 billion in 2012. Bappenas said as the global economy has not fully recovered, Indonesian’s export would not grow significantly. While Fitch Ratings is more pessimism as it predicts Indonesian’s current account deficit to reach US$27.4 billion or 3.1% of GDP this year.

To subscribe please click here