Extra Hard Work Ahead to Reach Targeted Economic Growth: BI Gov

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  • Ilustrasi Bank Indonesia (BI). Dok. TEMPO/ Dinul Mubarok

    Ilustrasi Bank Indonesia (BI). Dok. TEMPO/ Dinul Mubarok

    TEMPO.CO, Jakarta - Bank Indonesia (BI) Agus Martowardojo said that Indonesia must work extra hard to reach the targeted economic growth in the second quarter of the year.

    “Given from the development of the global economy and the prices of Indonesia’s major commodities, we have to stay alert to those conditions,” Agus said in South Jakarta on Friday (17/7).

    According to him, the economy in the second quarter of 2015 will not far different from the economy in the first quarter; thus, he said that a special attention is needed during the second quarter.

    BI also predicted that economic growth until the end of this year could reach 5 -5.4 percent; yet he said there would be a declining trend.

    Agus also hoped that both the central government and the regional governments would immediately channel funds for infrastructure development as the two factors would greatly affect investment and domestic consumption.

    He further said that BI would also help by making macro-prudential policies that can help boost growth.

    Nonetheless, he admitted that in general, Indonesia’s economic condition is currently under control, evidenced by its trade of balance that booked a surplus and inflation rate that is also under control.