Indonesia’s low inflation sparks worry about economy
Indonesia’s decade-low inflation rate has sparked concern among several economists that it foreshadows a further weakening of the largest economy in Southeast Asia.
Illustrative image (Photo: Jakarta Post) Jakarta (VNA) - Indonesia’s decade-low inflation
rate has sparked concern among several economists that it foreshadows a further
weakening of the largest economy in Southeast Asia.
The consumer price index (CPI) inched up 2.72 percent in 2019, the lowest since 1999 when the CPI rose by 2.13 percent.
Speaking at a press conference on January 2, Chief Statistician of the BPS-Statistics Indonesia Suhariyanto concluded that prices are under control, but the government should be careful with low inflation, which showed poor consumption and hurt production.
Accounting for more than half of the gross domestic product, household spending only rose by 5 percent in the third quarter of 2019, lower than 5.17 percent in the second quarter. Meanwhile, economic growth dropped to 5.02 percent in the third quarter year-on-year, the lowest over the past two years, said Director of the Centre of Reform on Economics of Indonesia Mohammad Faisal./.
The consumer price index (CPI) inched up 2.72 percent in 2019, the lowest since 1999 when the CPI rose by 2.13 percent.
Speaking at a press conference on January 2, Chief Statistician of the BPS-Statistics Indonesia Suhariyanto concluded that prices are under control, but the government should be careful with low inflation, which showed poor consumption and hurt production.
Accounting for more than half of the gross domestic product, household spending only rose by 5 percent in the third quarter of 2019, lower than 5.17 percent in the second quarter. Meanwhile, economic growth dropped to 5.02 percent in the third quarter year-on-year, the lowest over the past two years, said Director of the Centre of Reform on Economics of Indonesia Mohammad Faisal./.
You should also see
Top 500 fastest growing enterprises 2024 announced
A ceremony to announce the list of the top 500 fastest growing enterprises in Vietnam (FAST500) and Top 5 and Top 10 real estate - construction - building materials companies in 2024 was held by the Vietnam Report JSC in collaboration with VietNamNet newspaper on April 25.
See more
World
Laos speeds up granting licences to foreign workers
Laos's Ministry of Labour and Social Welfare plans to issue visas to illegal foreign workers and extend permits to legal ones so that they can continue to work in the country.
World
Argentinian scholar praises Vietnam’s April 30, 1975 victory
The complete reunification of Vietnam on April 30, 1975 was an extremely significant event in the history of the country and the world, opined a scholar from the Institute for International Relations at the National University of La Plata, Argentina.
World
Malaysia tackles food security challenges
Empowering local communities in the agriculture sector to attract young people to this field is one of the measures taken by Malaysia to address labour shortage while also contributing to tackling challenges in food security.
World
Danger warning issued for Thailand’s Bangkok as extreme heat bites
Thai authorities on April 24 issued an extreme heat warning for Bangkok, urging people to stay indoors for their safety as temperatures soared.
World
Schools in Philippines go online amid extreme heat
Record heat in the Philippines in April has forced schools to send children home for online classes.
