Power Purchase Loan Supply Chart Next Year
By : Wiyanto Dan Aldo Bella Putra | Wednesday, November 08 2017 - 22:00 IWST
Standard Chartered Bank Indonesia (Foto Ist)
INDUSTRY.co.id - Jakarta - Standard Chartered Bank Indonesia expects next year's consumer credit will rise and it indicates purchasing power began to get excited.
"It could be that the economy could be good, the 3rd quarter of the economy should be better than the previous one that has not recovered properly, consumer credit has risen, but privately yet, some policies boosted purchasing power, social spending rose," said Aldian Taloputra, Chief Economist at Standard Chartered Bank Indonesia. Jakarta, Wednesday (8/11/2017).
Related consumption, he continued next year will rise, it looks the social spending from the government to the community.
"If the energy baseball rises, the expectation is stable, social spending will go up in purchasing power in stable areas," he explained.
On purchasing power will rise, he predicted that Indonesia's economic growth will rise to 5.2% in 2018 from 5.1% estimated in 2017.
"It is driven by increased social spending, consumption rises, so economic growth next year could be 5.2%," he said.