Indonesian economic growth confident in 2017
Indonesia could reach a 5.2 percent economic growth in 2017, according to the World Bank’s latest report, which was cited by Jakarta Post on March 24.
A view of Jakarta (Photo: Reuters)Jakarta (VNA) – Indonesia could reach a 5.2 percent economic growth in 2017, according to the World Bank’s latest report, which was cited by Jakarta Post on March 24.
The bank also forecast that inflation would be higher in 2017 at 4.3 percent, up from 3.5 percent in 2016 and the current account deficit would stay unchanged from 2016.
Meanwhile, the central government budget deficit is projected to be higher than 2016 due to stronger public expenditures on infrastructure investment.
Addressing a recent press conference, Indonesian Minister of Finance Sri Mulyani Indrawati said the bank’s growth estimate can be achieved, higher than the target set at 5.1 percent by the Government. She attributed the growth to household expenditures, investment, and the government expenditures.
According to the Ministry, the current account deficit falls to 1.75 percent of GDP from 4 percent in 2013. Inflation will range between 3 – 5 percent.
In the first two months of this year, Indonesia earned 26 billion USD from export, up 19 percent from the same period last year.-VNA
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