World Economy

Indonesia Economy to Grow

Indonesia Economy to GrowIndonesia Economy to Grow

Bank Indonesia projects Indonesia’s household consumption will maintain positive economic growth in the country in the third quarter of 2016, although at a lower level than the central bank’s initial estimation, NewsNow reported. BI economic and monetary policy director Yoga Affandi said household consumption and investment, which contribute about 80% to the nation’s gross domestic product, would uphold the economic growth. “We saw an improvement trend in the third quarter. We estimate the growth will be about the same as in the second quarter, but slightly better,” he said.