Jakarta, mpi-update. Bank Indonesia lowered its economic growth in 2017 than ever before in the range of 5.1 percent-5.5 percent to 5.0 percent-5.4 percent, as the global economy has not fully recovered predicted next year.
“Condition which made us make the adjustment is due to the world economic growth in 2016 was worse than last year, “said the Governor of Bank Indonesia Agus Martowardojo at a press conference here on Thursday.
Agus predicted global economic conditions in 2017 will be affected from the situation of the economic downturn in 2016 is still experiencing challenges, so it must be continuously decreased projections.
“the world economic growth in 2017 have also been revised by various international agencies as well as research results respected organization. BI also have seen it, “said Agus.
In addition, changes in the projection is also due to the recent credit growth expected to rise again at the end of the second quarter of 2017, after being hit by lethargy during the period 2016
Therefore, although until the third quarter -2016, new loan growth reached 6.5 percent (yoy), Agus predicted credit growth in 2017 could reach 10-12 percent range.
“quite depressed credit growth in 2016 will start to recover, but recovery will start to look at the end of second quarter 2017. this will help credit growth at 10-12 percent in 2017, “he said.
Meanwhile, economic growth in 2016 is estimated at around 5.0 per cent, when multiple economic indicators showed a positive performance thanks to the support of domestic demand.
Until the third quarter of 2016, economic growth had reached 5.02 per cent, due to strong household consumption and the continuing development of government infrastructure projects.
However, private investment in non-construction is still relatively low, followed by government consumption, the negative growth in line with the policy of fiscal consolidation in the form of budget cuts.
spatially, the economic growth in Java and Sumatra still grew strongly along with the economy increases in eastern Indonesia due to rising exports in line with the mine and smelter operation.
in the fourth quarter of 2016, the economy is expected to grow only limited in line with the fiscal conditions are still consolidative, although consumption is usually always increases towards the end of the year. (Ant.)
mpi-update.com
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