The World Bank dropped its growth outlook for Indonesia’s GDP this year while maintaining its predictions for next year due to an unexpectedly dormant private consumption rate that accounts for over half of Indonesia’s GDP, according to the bank’s latest … Continue reading →
President Joko “Jokowi” Widodo has reminded relevant officials in his administration that now is the time for Indonesia to attract more investments as the country is scoring well in global surveys and has a stable economic situation. The President explained … Continue reading →
Finance Ministry Sri Mulyani said that the government is aiming for 6.3 percent investment growth in a bid to achieve the economic growth target of 5.4 percent set in the draft 2018 state budget (RAPBN). “We assume that bank loans … Continue reading →
The government has set an economic growth target at 5.4 percent in the 2018 Draft State Budget (RAPBN) to be achieved through the support of public consumption, increased investment, and improved export/import performance. President Joko Widodo (Jokowi) made the remarks … Continue reading →
The Indonesian government and the House of Representatives (DPR) have agreed on the projection for economic growth of 5.2 percent in 2017. Finance Minister Sri Mulyani Indrawati reveals several reasons for the government’s confidence in achieving the target of 5.2 percent economic … Continue reading →