World Bank Predicts World Economic Growth

The World Bank predicted that global economic condition will improve this year. Lead Author of the World Bank Andrew Burns, said that the potential for improvement is driven by the stabilizing economy in the United States and China. 

"[US and Chinese economy] will directly affect the economic growth in Indonesia," said Andrew in the World Bank representative office in Jakarta on Wednesday, January 22, 2014.

He further asserted that global economy improvement will affect export activities in developing countries. Andrew predicted that global economy will grow to 3.2 percent, improving over last year's percentage, which was only 2.4 percent.

In addition, Andrew also saw that there is an increase in commodity prices this year, which will automatically provide an advantage for Indonesia as an exporter.

Meanwhile, the Indonesian government expressed its optimism that trade performance in 2014 will improve. 

Deputy Minister of Trade Bayu Krishnamurti, said that 10 of Indonesia's leading export commodities will be the main driver of Indonesia's trade balance sheet. He added that trade growth can reach up to five percent.

Source : Tempo