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Palace Happy with 5.17% Economic Growth in Q3

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6 November 2018 10:36 WIB

State Palace of Indonesia. TEMPO/Aditia Noviansyah

TEMPO.CO, Jakarta - The Central Statistics Agency (BPS) released data on economic growth. In the third quarter of 2018, the growth rate was 5.17 percent.

The President's special staff for economic affairs Ahmad Erani Yustika said the figure was clearly encouraging, especially when looking at today's external pressure.

"From the third quarter's growth rate, we can see that the government was able to keep the economy to grow above 5 percent throughout 2018," he said in a written statement on Tuesday, November 6.

Erani acknowledged that economic growth took place amid external pressures, starting from the surge in world oil prices that triggered the current account balance pressures in importing countries.

There is also the Fed Rate hikes and the trade war between the US and China. 

"In such a situation, the Indonesian economy managed to grow 5.17 percent. This is clearly encouraging when viewed from the scale of external pressures," said Erani.

Erani said that to reach the economic growth target of 2018, the government will continue to focus on a number of key issues, including maintaining inflation, expediting government spending, actualizing investment plans, and boosting exports.

DIAS PRASONGKO




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