TEMPO.CO, Jakarta – The Central Statistics Agency (BPS) noted a 4.71 percent economic growth in the first quarter of 2015, a 0.5-percent year-on-year decline from 5.21 percent.
Compared to the previous quarter, the growth decelerates by 0.18 percent, BPS chief Suryamin said in a press conference on Tuesday, May 5.
According to Suryamin, there are at least three factors causing the deceleration. The first is the economic slowdown in Indonesia's trade partners' countries in the quarter. China and Singapore had corrected their growth projections to 7.0 percent 2.1 percent respectively.
"This is of course affecting out trade performances, "Suryamin said.
The second factor is the global oil price decline, which had affected almost every economic sector and their growth rates.
The last, Suryamin said, is the slowing export and import in the first quarter.
TRI ARTINING PUTRI