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Indonesia Expects 5.4% Growth

Indonesia Expects 5.4% GrowthIndonesia Expects 5.4% Growth

Indonesian Minister of National Development Planning Bambang Brodjonegoro says the country’s economic growth rate will reach 5.4% in 2017, higher than the Asian Development Bank’s forecast of 5.1%, VNA reported. More economic activities will be carried out in the second half than in the first half, he said on September 26, adding that there is still hope to achieve an economic growth rate of above 5.1%. In its economic publication of the Asian Development Outlook 2017, the ADB, based in Manila, the Philippines, has projected the Indonesian economy has the potential to grow at 5.1% in 2017 and 5.3% in 2018. The latest publication has also forecast the government’s spending will be able to support the economic growth in the second half of 2017. The Indonesian government has set the target of economic growth rate for 2017 at 5.17%, falling slightly from the assumption of 5.2% in the revised state budget.

 

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