Thursday, 26 Zulhijjah 1442 / 05 August 2021

Thursday, 26 Zulhijjah 1442 / 05 August 2021

Indonesia economic growth to reach 5 up to 5.4 percent: BI

Jumat 17 Mar 2017 17:03 WIB

Rep: Iit Septyaningsih/Fira Nursya'bani/ Red: Reiny Dwinanda

Indonesia conomic growth was based on the increase of consumption. Motorcycle sales was one of the product that has higher demand.

Indonesia conomic growth was based on the increase of consumption. Motorcycle sales was one of the product that has higher demand.

Foto: AHM

REPUBLIKA.CO.ID, JAKARTA - Bank Indonesia (BI) expressed optimism that Indonesia economic growth this year will be in the range of 5 to 5.4 percent. It was due to the increase in global commodity prices which had positive impacts to Indonesia economy. "We're still confidence (the growth will be) in the range of 5 to 5.4 percent. We continue to observe the temporary increase," said Assistant Governor of Economic and Monetary Policy Department BI, Dody Budi Waluyo, in Jakarta, Thursday (March 16).

He explained that the improvement in global commodity prices had positive influences and were absorbed directly into consumption. He pointed out that income of most farmers in eastern Indonesia was also rising due to increase of commodities export. "Motorcycle sales also rose due to higher demand," said Dody.

He added, heavy equipment industry was also had a positive increase in sale. Seeing these conditions, BI believed that Indonesia economic growth in the first quarter of 2017 will be turned towards positive direction. "We're still monitoring. There is no assumption of significant shock in global economy and increase in demand," said Dody.

Previously, BI stated that in February 2017, inflation rate was still under control. Inflation rate in February 2017 was stood at 0.23 percent month to month (mtm), lower than last month, 0.97 percent mtm.

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