Illustrative image (Source: asia-first) Jakarta (VNA) – The Bank Indonesia (BI) hasforecast that economic growth in the fourth quarter of this year will reach5.3-5.4 percent, higher than 5-5.1 percent from the previous quarter.
BI Senior Deputy Governor Mirza Adityaswara said theIndonesian economy will grow between 5-5.4 percent, adding that the growth inthe third and fourth quarter this year will be better than the initialforecast.
In the third quarter, the BI predicted that the figure willbe in the range of 5.1-5.2 percent, higher than 5.01 percent in the secondquarter.
The retail sector showed recovery with sales increase of2.3-2.4 percent in September. The construction, particularly infrastructure beganseeing recovery.
According to the meeting of the BI’s Board of Governors, theimprovement in economic growth in 2017 is supported by an expansion in fiscalbudget through the State income and expenditure budget 2017, such as the 13thpayroll and social assistance.
Assistant Governor and head of the BI’s Department ofEconomic and Monetary Policy Dody Budi Waluyo said investments, especiallythose by the government, will still serve as the key drivers of economic growththis year and later contribute to boosting exports.
He added that consumption is forecast to be better in thefourth quarter, considering that government spending will be bigger in the lastquarter and will have an impact on consumption.-VNA
BI Senior Deputy Governor Mirza Adityaswara said theIndonesian economy will grow between 5-5.4 percent, adding that the growth inthe third and fourth quarter this year will be better than the initialforecast.
In the third quarter, the BI predicted that the figure willbe in the range of 5.1-5.2 percent, higher than 5.01 percent in the secondquarter.
The retail sector showed recovery with sales increase of2.3-2.4 percent in September. The construction, particularly infrastructure beganseeing recovery.
According to the meeting of the BI’s Board of Governors, theimprovement in economic growth in 2017 is supported by an expansion in fiscalbudget through the State income and expenditure budget 2017, such as the 13thpayroll and social assistance.
Assistant Governor and head of the BI’s Department ofEconomic and Monetary Policy Dody Budi Waluyo said investments, especiallythose by the government, will still serve as the key drivers of economic growththis year and later contribute to boosting exports.
He added that consumption is forecast to be better in thefourth quarter, considering that government spending will be bigger in the lastquarter and will have an impact on consumption.-VNA
VNA
