Indonesia saw growth of only 4.7 percent in the first quarter, an annual decrease of 0.43 percent, but economist experts are confident that the nation’s 2015 economic growth will still climb above five percent.
Destry Damayanti, an expert from PT Bank Mandiri, the largest financial institution in Indonesia, explained the relatively low rate recorded earlier this year was due to reduced export volume and consumer spending.
The Indonesian Government will accelerate the speed of a number of infrastructure projects in a bid to improve the situation, she said.
At a recent Asian summit of the Institute of International Finance, Indonesian State Bank Governor Agus Martowardojo stated his country is maintaining its growth target at 5.4-5.6 percent this year thanks to large public spending on infrastructure to boost investment and domestic consumption.
However, he also warned that government plans to remove subsidies for liquefied gas producers and to raise the electricity price are likely to fuel inflation.-VNA
Destry Damayanti, an expert from PT Bank Mandiri, the largest financial institution in Indonesia, explained the relatively low rate recorded earlier this year was due to reduced export volume and consumer spending.
The Indonesian Government will accelerate the speed of a number of infrastructure projects in a bid to improve the situation, she said.
At a recent Asian summit of the Institute of International Finance, Indonesian State Bank Governor Agus Martowardojo stated his country is maintaining its growth target at 5.4-5.6 percent this year thanks to large public spending on infrastructure to boost investment and domestic consumption.
However, he also warned that government plans to remove subsidies for liquefied gas producers and to raise the electricity price are likely to fuel inflation.-VNA
