These Two Things Grow Indonesia's GDP

By : Wiyanto Dan Aldo Bella Putra | Tuesday, February 06 2018 - 23:00 IWST

Standard Chartered Bank Indonesia (Foto Ist)
Standard Chartered Bank Indonesia (Foto Ist)

INDUSTRY.co.id - Jakarta - This year, the majority of regions organize the Regional Head Election (Pilkada) simultaneously. The existence of political parties became one source of economic growth.

"We believe GDP growth is driven by two factors," said Aldian Toloputra, Standard Cartered Chief Economist in Jakarta, Tuesday (6/2/2018).

The first driver, he said, fiscal spending will be expansive with a fairly conservative budget deficit target of around 2.2 percent of GDP.

"We believe that the government has room to increase spending in line with better prospects for tax revenues," he said.

Secondly, private consumption is expected to be relatively stable this year. He values that reflected the existence of employment, inflation is under control and financial stability is maintained.

"We believe private investment, both domestic and foreign will be able to increase." Indonesia's ranking also rose in an ease of doing business survey by Bank Indonesia," he said.

News Comment

Today's Industry

Bank Central Asia (Foto Ist)

Jumat, 23 Februari 2018 - 23:00 WIB

This morning, JCI Opened up to 6608 position

Jakarta - Jakarta Composite Stock Price Index (BEI) opened at 6.608 in the first session of trading Friday (23/02/2018), 0.23% higher or 15 points compared to the position at the end of trading…

BRIT Awards 2018 at The O2 London. (Source: TVM)

Jumat, 23 Februari 2018 - 22:14 WIB

Complete List of BRIT Awards 2018 Winners, Congratulations!

The annual music awards event by the British Phonographic Industry, BRIT Awards 2018 was successfully held on Wednesday (21/2) at The O2 Arena, London. Almost all the famous musicians present…

PT Unilever Indonesia (Foto Dok Industry.co.id)

Jumat, 23 Februari 2018 - 22:00 WIB

Today, JCI Moves Predicted Varies at 6,562-6,628

Jakarta - Movement Composite Stock Price Index (CSPI) is predicted to vary in trading Friday (23/02/2018) after a decline in trading on the previous day. The range of movement is in position…

Hino Truck Products

Jumat, 23 Februari 2018 - 21:53 WIB

Hino Dutro Light Truck Sales Up 10 Percent By 2017

PT Hino Motors Sales Indonesia (HMSI) recorded positive results for the category of light duty trucks or light trucks. Hino Dutro, launched in 2002, recorded an increase in sales every year…

Hino Bus Products

Jumat, 23 Februari 2018 - 21:51 WIB

Hino Bus Dominates Bus Market With 74 Percent Total Market Share

PT Hino Motors Sales Indonesia (HMSI) managed to achieve good with positive achievements for sales in 2017 for the Bus market.