Homepage |
首页 新闻动态 法律服务 数据服务 项目服务 投资环境 投资服务机构 经济开发区
Macro-Economy | Business Economy | Industrial Economy | Regional Economy

Home >News >Full article
Indonesian central bank estimates economic growth at 5.15 pct in Q2
2018/8/7 15:47:55 Source:Xinhua

JAKARTA, Aug. 3 (Xinhua) -- Governor of Indonesian central bank Perry Warjiyo said on Friday that national economic growth may reach 5.15 percent in second quarter this year, lower than government's initial estimation of 5.2 percent.

Bank Indonesia's (BI) estimated growth figure was higher than 5.06 percent and 5.01 percent in the first quarter this year and the second quarter last year repectively.

Perry said the estimated growth figure in the second quarter this year was ultimately contributed by school enrollment expenditures and expanding consumption following disbursement of extra salary for civil servants and public spending during Iedul Fitr holiday season.

He added that inflation did not give significant effect to the growth during the period as it remained in controllable level. He said as of July, inflation remained at low level of 3.18 percent.

Pressures from depreciating national currency exchange rate against the U.S. dollar and trade activities were not significant as exporters and importers have pertinently secured the exchange rate for their businesses through hedging mechanism.

"I believe that our exporters and importers have done the hedging so as to mitigate risk from the surge of operational cost," Perry said.

Analysts predicted that Indonesia's growth in the period that spans from April to June may reach 5.19 percent on the back of recovering commodity prices, expanding export and slowing down import.

Print Collection Close
 Related News More>>
 Site Map | About Us | Services | Links | Statement

Ministry of Commerce of the People's Republic of China Department of Foreign Investment Administration

Operated by Investment Promotion Agency of MOFCOM

Tel:  (86-10) 64404554

Copyright by Invest in China

Fax: (86-10) 64515317

ICP Record No.: Beijing ICP 06041048-4 E-mail: service@fdi.gov.cn