economic conditions of business

Indonesian economic conditions predicted 2014 would be an improvement , the indicator is the trade surplus in December 2013 for U.S. $ 1.5 Billion while also exceeding the export target last year could also be a reflection that the global economic conditions began to improve , economic growth in 2014 can reach 5.8 to 5.9 percent , higher than the World Bank projection of 5.3 percent . The World Bank revised its global economic growth this year , which is predicted to increase from 3 percent to 3.2 percent . However , Indonesia's economic growth is projected to remain at the level of 5.3 percent . According to the minister , the World Bank projections can not be used as a benchmark , given the estimates of the multilateral institutions can be missed . The market situation in 2013 and was not fully recovered , the current export target was placed at U.S. $ 179 Billion , but only at the end of the year exports were at U.S. $ 182.6 billion. If compare with South Korea , Country Indonesia is lagging far behind in this condition . Because , first exports of cars and machinery products already advanced to the South Korean overseas . Last year , the South Korean exporters hit a high of 559.7 billion dollars in export volume , to encourage recovery in the domestic economy . However , in the first years of the close of trading the new date . January 2 , Korea composite stock price index ( KOSPI ) shrank 44 points to 1,960 points , and South Korea exchange rates also drop below 1,000 won per 100 yen for the first time after 5 years and 4 months passed . The implications of this kind provide a material adverse effect on the South Korean economy forward and cause anxiety over the economic recovery consistent . International monetary fund and the largest global investor Goldman Sachs expects growth of 3.7 % South Korea in 2014 and local economic institutions were also predicted in the range of 3 % is achieved . Clearly , the South Korean government hopes this year 's GDP growth rate reached 3.9 % , up 1 % than last year . According to the predictions of the Wall Street Journal , more jobs will be created in the U.S. , which makes the country's economy into a recession changed from level to pre - crisis . Bank Deuche 도이치 also predicted although the European economy to shrink 0.4 % in the last year , but this condition will change , with projected growth of 1% . As a result , the impact is felt on world trade will increase by 4.9 % this year , compared to last year which only reached 2.9 % . The recovery of trade volumes that means South Korean export sector become more busy to meet worldwide demand . Most projections for the global economy in 2014 looks optimistic , but there are also risks . South Korea's growth potential has declined despite South Korea's industrial exports recovered . It makes economic policymakers of Korea decided to encourage the development of local economy by recovering demand . They argued if the growth momentum can be changed from industrial exports to domestic sectors , the Korean economy can drive toward growth . So , the government has two plans , namely the strengthening of local consumption and improving economic sentiment improved citizens feel real . This year , with the promise of external conditions , considered as the moment of South Korea's economy leaped forward to a higher level . It was time must integration efforts between governments and economic actors . It is the only way South Korea's economy can get back to recovery .