Indonesia's Economy Grows 6.5 Percent
By : Herry Barus And Aldo Bella Putra | Wednesday, February 07 2018 - 22:00 IWST

Dirut Bank Mandiri Kartika Wirjoatmodjo dan Menkeu Sri Mulyani (Foto Rizki Meirino)
INDUSTRY.co.id - Jakarta - Indonesia's economy has the potential to grow to 6.5 percent (year-on-year / yoy) in the medium term or in 2022 with structural reforms that will increase productivity and attract investment for development finance.
"Reforms in fiscal and other structural reforms show the potential for economic growth to reach 6.5 percent in the medium term," the International Monetary Fund (IMF) said in its Consultation Report IV for Indonesia 2017 concluded at a meeting of the IMF Board of Directors, and quoted by Antara in Jakarta, Wednesday (7/2/2018).
The IMF appreciates the Indonesian economy and welcomes the focus of the short-term policy mix between authorities to promote growth, while also maintaining stability.
Government expenditure allocated to priority sectors is also highlighted by the IMF, as well as the growing investment that increases funding sources for infrastructure development in Indonesia.
The IMF stresses that all fiscal reforms and other structural reforms should be a priority, in order to eventually increase state revenues to support development financing needs.
IMF Board of Directors concludes that the outlook for the Indonesian economy is positive, but still needs to be alert to risks.
Governor of Bank Indonesia Agus D.W. Martowardojo welcomes the results of the IMF assessment.
Agus assess IMF assessment in accordance with the study of the Central Bank which believes that the resilience of the Indonesian economy is getting stronger.
The indicator, inflation during 2017 was at a low level of 3.61 percent (yoy).
"The maintained inflation at such a low and stable level provides an atmosphere conducive to strengthening the momentum of domestic economic recovery," he said.
Economic growth in 2017 reached 5.07 percent supported by improved infrastructure investment by the government and the role of private investment. In addition, improved resilience is characterized by a healthy current account balance and high inflows of foreign capital, as well as stable exchange rate.
"The Central Bank considers that there is an opportunity to create stronger and sustainable domestic economic growth through strengthening the implementation of structural reforms," said Agus.
Read Also
Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong…
Fujitsu chosen for Dow Jones Sustainability World Index for 22nd…
Olympus Named to Dow Jones Sustainability World Index for Three Consecutive…
New Economic Board, GOTO Share Moves Closer to Global Indices
Midday Break, the Composite SMidday Break, the Composite Stock Price…
Today's Industry

Jumat, 02 Mei 2025 - 10:46 WIB
Binawan and Government Support Indonesian Nurses in Europe through Scholarships
In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…

Jumat, 28 Maret 2025 - 22:21 WIB
SUNeVision Initiates MEGA IDC Phase Two Development
SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…

Jumat, 28 Maret 2025 - 22:07 WIB
TDL Records New Revenue Record of IDR 25 Trillion in 2024 Ahead of 50th Anniversary
PT Metrodata Electronics Tbk (MTDL), the largest technology Company with the most complete IT and telecommunications products in Indonesia, managed to record a revenue of IDR 25 trillion in…

Jumat, 28 Maret 2025 - 22:00 WIB
Wireless Logic Selected By Thales As IoT Connectivity Partner
Wireless Logic, a global leader in IoT connectivity solutions has been selected by Thales, a global leader in advanced eSIM technologies, to enable secure, scalable and resilient IoT connectivity…

Jumat, 28 Maret 2025 - 21:53 WIB
Microvista Expands International Presence with Mobile CT System ScanExpress
The German specialist in industrial computed tomography and non-destructive testing, Microvista, announces the European expansion of its innovative mobile CT system, ScanExpress. The system…
News Comment