Ladies and gentlemen,  Financial sector outlook In line with improving economic performance as well as a strong banking performance, bank loans are projected to expand about 20% in 2005 (or about Rp106.2 trillion). Based on our projection, banking sector will have adequate capacity to expand loans as targeted without impeding their capital adequacy and liquidity.
The subsequent economic recovery, starting around 2013 and driven by cyclical accelerator effects, was particularly labour-intensive and firms appear to have invested relatively less in equipment. Global trade, which is particularly tilted towards investment goods in many euro area countries, has slowed markedly since the end of 2017, on the back of increasing trade barriers and broad trade policy uncertainty.