Convinced Nasution Growth Fourth Quarter 2016 Higher


Jakarta, mpi-update. Coordinating Minister for Economic Affairs Nasution believes that economic growth in the fourth quarter of 2016 will be higher than the achievement of the third quarter of 2016 which only reached 5.02 percent.
“We are confident in the fourth quarter, economic growth will be higher than the third quarter , “Nasution said in the event of Indonesian economic Outlook Year 2017 in Jakarta, Thursday (10/11).

He said economic growth in the fourth quarter of 2016 will receive the contribution of government consumption sector in the third quarter of 2016 instead negative growth and not optimal in supporting the economic performance.
“the weakness in the third quarter, is government spending. But usually it will grow by the end of the year, there were large increases, as the track record, “he said.

Moreover, from the field of business, Nasution expects agricultural sector weakened slightly in the third quarter of 2016, could grow better towards the end of the year, because the harvest starts there.
“the agriculture sector slowed slightly, but in the fourth quarter began last harvest in November and December. So we believe growth could be higher, “he said.

With these two triggering factors, Nasution projected economic growth in the fourth quarter of 2016 could reach the range of 5.2 percent-5.3 percent.

“We believe it could reach 5.2 percent-5.3 percent. Thus the whole year of 5.1 percent. Hard to exceed 5.1 percent for only three months, and not possible to make remarkable changes, “he said.
Earlier, the Central Statistics Agency (BPS) recorded economic growth in the third quarter of 2016 amounted to 5.02 per cent, so that the cumulative economic growth had reached 5.04 percent.

On the expenditure side, consumption of Non Profit Institutions Serving Households (LNPRT) in this period grew most as high as 6.65 percent, followed by household consumption, which grew 5.01 percent and gross fixed capital formation (GFCF ), which grew by 4.06 percent.

Meanwhile, government consumption actually contracted in the third quarter of 2016, or a negative growth of up to 2.97 percent, the same as a negative export growth of 6.0 percent and imports growing negative 3.87 percent.

overall, household consumption is still the largest contribution to the structure of GDP in the third quarter of 2016, reaching 55.32 percent, 31.98 percent followed GFCF, exports of 17.74 percent, consumption governments of 8.97 percent, 1.15 percent LNPRT consumption and imports 16.91 percent negative. (Ant.)

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