Semester I, 2013 The rate of economy is estimated that 5.9% -6.1%

JAKARTA – Minister of Finance Chatib Basri said he expects economic growth predicted by Bank Indonesia will be at the level of 5.9% to 6.1% in the first half of 2013. This figure was based on global conditions have not improved.
However, the government insists Chatib will strive to achieve economic growth of 6%. Where economic growth will still be in the crutch by domestic consumption. Meanwhile, the investment will experience a slight slowdown. This is evident from the slowdown in capital goods imports are slowing.
In terms of exports, he added, is slowing as economic growth in China and India are slowing. “It’s a little heavy this year. We expect economic growth in the first half of 2013 will be at 6.1%.” he added.
Chatib added economic growth in Indonesia is still ranked second among G20 countries or countries with a Gross Domestic Product (GDP), the largest. In fact, Indonesia’s growth plans remain top despite stimulus cessation of quantitative easing in the U.S. or be executed.
“Economic growth in Indonesia is actually still the second highest number among the G20 countries, China 7.5%, Indonesia 5.9%, and India 5.6%. Indonesia in year-end forecast is still the second highest number, after entering the calculation of quantitative easing,” he explained.
He acknowledged the world economic situation is disturbing economic indicators such as the weakening rupiah and low economic growth. However, the disorder is more to external factors, namely the implementation of quantitative easing, which hit the financial sector due to tight liquidity assumptions.
Chatib describes the condition of the stock market is still relatively good Indonesia grew 7.9% in the year to date. That figure is higher than Thailand at 6.9% and Singapore 2.18%.
“There was shock, our capital markets are relatively good,” he said.
He added that the conditions that weaken the rupiah also not too worried. “Depreciation of our 4.84% is slightly lower than Malaysia 4.7%, Philippines 5.3%, India 6.86%. Past 1 Australian dollar above 10 thousand now 9300’s, it shows Rupiah strengthened. Betul there was turmoil in the Euro but not something that is worrying from gross rate is still ok, “he said.

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