JAKARTA - Bank Indonesia is optimistic that the growth of Indonesia’s economy will be at the level of 5-5.4% in 2019. This projection is based on the stability of domestic demand and growth in net export.
Perry Warjiyo, Governor of Bank Indonesia stated the indicator of economic growth released in the fourth quarter of 2018 showed that domestic demand remained strong, supported by both private and government consumption. “Private consumption is projected to remain good along with the maintained public purchasing power and confidence, and the positive impact in the election preparation,” said he, in Jakarta.
According to Warjiyo, government consumption has grown stronger, with the support of the goods purchase and social assistance. However, export is expected to be low due to weakening global economy and declining Indonesian commodity prices. (LK/AR/W)