<![CDATA[Economic performance of Yogyakarta Province in the fourth quarter of 2004 (QIV-2004) tended to decrease slightly, as reflected by negative growth of Gross DomesticRegional Product (GDRP) of -6.92%, in line with the initial forecast. The negative growthof the regional economy was mainly attributable to the developments of three economicsectors during QIV-2004, these are (i) Agriculture sector, (ii) Finance, Ownership, andBusiness Service sector, (iii) Services sector. Based on GDRP negative growth ofYogyakarta Province in the past three quarters, it is predictable that the economy in theyear 2004 could be able to grow at estimated rate 4,88%, which is higher than previousyear economic growth. On the other hand, overall inflationary pressure in Yogyakarta Cityrose, indicated by quarterly inflation of Consumer Price Index (CPI) of QIV-2004 was2.66% (quarter to quarter) and cumulative CPI inflation through December 2004 was6.95% (year to date), higher than National CPI inflation (6.40%). The inflationary pressure particularly during QIV-2004 was driven by increased domestic demand due to a seasonal factor of religious events i.e. Idul Fitri, Christmas Eve and New Year Eve. Meanwhile, in general banking performance consisting of commercial & rural banks during QIV-2004 was relatively stable, despite of slightly decreased banks’ asset and deposits as of November 2004 which is recorded 1.00% and 1.35% respectively. In contrast, total credits grew from Rp4,699 billions (Sept’04) to Rp5,013 billions (Nov’04) as well as NonPerforming Loans Ratio somewhat declined from 2.50% to 2.45.%.Keywords : economic growth, CPI inflation and banking performance.]]>
