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Sri Mulyani predicting the economy growth for the first semester 2019. (Image via Alinea)
Sri Mulyani Predicts Indonesia's Economy Growth is 5,1% in Semester I 2019
Indonesian government predicts Indonesia’s economy growth in the first semester of 2019 is 5.1%. If compared to the first semester of last year, the economy is quite similar—5,17%. The minister of finance Sri Mulyani stated that the number is her own counting based on various indicators. The indicators are household consumption, government spending, as well as Indonesia’s export and import. However, she stated that exact number could be different, because BPS (Statistics Indonesia) will release the data on August 2019.Sri Mulyani also stated that she is optimist that the economy will increase in the second semester of 2019. The Eid Holiday and President elections are some of the factors that affect economy growth in the first semester. Nonetheless, she is positive about invest and export outcome in the second semester. Other than invest and export, it is reported that bank credit growth is increasing as well, which means consumption is predicted to be increased as well. Overall, the minister thinks that the economy growth is still stable and strong.
However, Sri Mulyani has a concern due to China’s economy downturn. It is reported that China is currently facing the first lowest point in economy since 1992. She said that China is the second country in the world that has the biggest economy and has a great role in global trading. Nonetheless, she revealed that the government has prepared the solutions to this matter.
Source: https://www.cnbcindonesia.com/news/20190716190545-4-85408/sri-mulyani-optimistis-ekonomi-ri-membaik-semester-ii-2019
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