Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

Bank Indonesia Projects Higher Growth in Q3

Translator

Editor

20 October 2017 13:58 WIB

Logo of Indonesia's central bank, Bank Indonesia. REUTERS

TEMPO.CO, Jakarta - Bank Indonesia (BI) expects Indonesia`s economic growth in the third quarter to improve from the previous quarter. The overall economic growth for this year is estimated to be higher than the initial projection of 5.0 to 5.4 percent and will increase to 5.1 to 5.5 percent by 2018.

Bank Indonesia's head of economic and monetary policy Dody Budi Waluyo said the economic recovery outlook is supported by fiscal expansion and monetary easing.

"Consumption in the third quarter is expected to grow, supported by the distribution of the 13th salary of civil servants as well as the distribution of social assistance, and the high amount of government spending on goods," Dody said in Jakarta, Thursday, October 19.

The central bank also expects investment improvements to continue, with support from investment growth and improved non-construction investment. This is reflected by the increased sales of heavy equipment in the mining and plantation sectors.

In line with the global economic recovery, Dody said, exports are expected to improve—especially in mining and plantation products. The rapid economic growth is mainly supported by trade, hotels and restaurants, and the processing industries.

Nevertheless, there are a number of global risks to watch for including the Federal Reserve's interest rate (FFR) hike in December. The Fed Rate hike is an impact of normalization of the US central bank's balance sheet that will begin at the end of October, as well as the leadership transition in the Fed's body.

Additionally, Indonesia must keep an eye on geopolitical risks stemming from Spain and the leadership transition process in several European countries.

"In Asia, there is a geopolitical risk stemming from the Korean peninsula," he said.

IMAM HAMDI



Bank Indonesia to Start Office in IKN Starting August 17

7 hari lalu

Bank Indonesia to Start Office in IKN Starting August 17

Bank Indonesia will have its office in the Nusantara Capital City (IKN) starting August 17, 2024, according to BI Governor Perry Wijaya.


Jakarta has Capital to Become Business City Competing with New York: Economist

11 hari lalu

Jakarta has Capital to Become Business City Competing with New York: Economist

The metropolitan city of Jakarta has the capital to become a business and economic hub that can compete with New York, an economist says.


Bank Indonesia Readies Rp197.6 trillion for Ramadan, Eid al-Fitr Season

13 hari lalu

Bank Indonesia Readies Rp197.6 trillion for Ramadan, Eid al-Fitr Season

Bank Indonesia projects that the country will require over Rp197.6 trillion this Ramadan and Eid al-Fitr season.


Bank Indonesia: Single Round Election May Help Economy Grow More than 5.1%

23 hari lalu

Bank Indonesia: Single Round Election May Help Economy Grow More than 5.1%

Bank Indonesia (BI) Governor Perry Warjiyo is confident that Indonesia's economic growth will exceed 5.1 percent in 2024.


Today's Top 3 News: Indonesian National in Japan Arrested Over Alleged Child Abandonment

27 hari lalu

Today's Top 3 News: Indonesian National in Japan Arrested Over Alleged Child Abandonment

Here is the list of the top 3 news on Tempo English today.


Bank Indonesia Estimates 2024 Global Economic Growth at 3%, Weaker Than Last Year

28 hari lalu

Bank Indonesia Estimates 2024 Global Economic Growth at 3%, Weaker Than Last Year

Bank Indonesia says the global economy this year will be weaker compared to 2023.


Finance Minister Sri Mulyani Likens Indonesia's Economy to Brazil Ahead of G20 Meeting

28 hari lalu

Finance Minister Sri Mulyani Likens Indonesia's Economy to Brazil Ahead of G20 Meeting

Sri Mulyani Indrawati said economic similarities are present between Indonesia and Brazil.


Jokowi Claims Indonesia's Economy Sturdy Amidst Global Uncertainties

29 hari lalu

Jokowi Claims Indonesia's Economy Sturdy Amidst Global Uncertainties

Jokowi explains that Indonesia's economy in 2023 grew 5.05 percent, with controlled inflation at 2.57 percent.


AHY Visits Airlangga's Office; Promises Smooth Land Acquisition Process for Investments

30 hari lalu

AHY Visits Airlangga's Office; Promises Smooth Land Acquisition Process for Investments

AHY is committed to ensuring successful investment and infrastructure development in fields that require land readiness and legal certainty.


Bank Indonesia: 2023 E-Commerce Transaction Hits Rp454 Trillion

34 hari lalu

Bank Indonesia: 2023 E-Commerce Transaction Hits Rp454 Trillion

Bank Indonesia stated that the digital economy and finance are poised to be a game changer in the country's economic landscape.