Asian Development Bank predicts impacts of the economic packages launched by the government will be seen in national economic growth in 2017.
“The packages will bring impacts on investment and growth in 2017,” Deputy of ADB representative office in Indonesia, Sona Shrestha, said here on Tuesday.
She explained the economic packages I-XIII can bring positive effects in investment and ease of doing business, although the economy is still sluggish due to global pressures.
“The packages will improve the ease of doing business and one-door integrated service. However, the investment reform still needs further analyze,” Shrestha noted.
She is optimistic that the economic packages will improve Foreign Direct Investment (FDI) in Indonesia, moreover the contribution of investment to economic growth looks more positive after the implementation of the packages.
In an updated annual report on economy 2016, the ADB projects that Indonesias economy in 2016 grows by 5.0 percent and 5.1 percent in 2017 as it is supported by reforms in policies and economic recovery momentum of the developed countries.
In addition, the improvement in global commodity prices next year is expected to boost the growth of export and investment projections as well as revenue performance.