BI stays confident about 5.2 percent expansion for 2017

Jakarta (ANTARA News) – Bank Indonesia (BI) stays confident that a inhabitant economy will grow by 5.2 percent in 2017, notwithstanding a comparatively low expansion of 5.01 percent in a second quarter.

“We are still optimistic. Indeed, a expansion in a initial and second buliding stayed during a operation of 5 percent, it could surpass 5.2 percent in a third and fourth quarters,” BI Governor Agus Martowardojo pronounced after an central assembly with Minister of Public Works and Housing Basuki Hadimuljono here, Monday.

The Central Statistics Agency (BPS) announced progressing in a day that a second-quarter mercantile expansion was comparatively low during 5.01 percent, compared with a prior quarter.

Agus remarkable a second-quarter expansion was shabby by expenditure that tended to change to a third quarter. Government spending on polite servants salaries in June, and a remuneration of fee fees coinciding with a fasting month of Ramadhan caused a open to shorten consumption.

In further to this, a prices of Indonesias pivotal trade line were also corrected, while during a same time, many exporters waited for a prices of a line to improve, he stressed.

“In general, a Indonesian economy showed signs of improvement, and we are confident that a third- and fourth-quarter expansion will stay during 5.2 percent,” he said.

The BPS celebrated that a improving opening of investment or arrangement of sum bound collateral contributed to a second-quarter expansion of 5.01 percent year-on-year.(*)

Article source: