TEMPO.CO, Jakarta - Eko Lystiyanto, a researcher at the Institute for Development of Economics and Finance (Indef) predicted that the economic growth in the third quarter of 2016 would stand below 5 percent.
Indonesia’s economy in the first and second quarter grew by 4.91 percent and 5.18 percent, respectively.
“[The economy] in the second quarter grew by 5.18 percent. But in the third quarter, there will be no more seasonal stimulus that can drive the economy. In the second quarter, there were the Lebaran holiday, 13th salary, holiday allowance (THR), and others. [The economy] in the third quarter may grow by below 5 percent,” Eko said during a discussion at Indef’s office in Jakarta on Thursday, October 20, 2016.
Eko predicted that the economic growth in the fourth quarter could be boosted by the government spending at the end of this year.
“Tourism and transportation sectors will experience a rise because there will be Christmas holiday. However, it would be difficult to achieve a 5.2-percent growth as set in the Revised 2016 State Budget,” he added.
Eko predicted that the 2016 economic growth would stand at 5.1 percent, and the inflation rate would stand below 4 percent.
“The inflation rate could be below the target. In my opinion, it will be around 3.2 or 3.3 percent,” he said.
ANGELINA ANJAR SAWITRI