Chamber of Commerce and Industry (Kadin) Predicts Indonesia's Economic Growth in 2019 in 5.3 Percent Range

INDUSTRY.co.id - Jakarta, Chamber of Commerce and Industry (Kadin) Indonesia predicts Indonesia's economic growth in 2019 of 5.3% or below the government target of 5.4% -5.8%.

This figure is based on the Government's exposure through the Ministry of Finance on the economic framework and the principal of fiscal policy (KEM PPKF) in 2019 to the House of Representatives (DPR).

Chairman of Kadin Indonesia Rosan Perkasa Roeslani stated that his party welcomes the optimism of the government. However, given the current situation, businesses predict growth of 5.3%.

"Because our growth is historically high fitting high commodity prices.Now, now if seen the commodity prices are high enough, but will be flat at this time until the years ahead," said Rosa in Jakarta, some time ago.

According to him, other factors that are considered to affect Indonesia's economic growth include domestic consumption and exports amid a weaker rupiah exchange rate than the US dollar at the moment.

Rosan said the business world hopes the government makes a relaxation policy for purchasing power.

"Maybe in the period on given incentives so that purchasing power can increase again, our growth is helped because of domestic consumption, so that's what we expect," he said.

Rosan said the government should provide a lot of fiscal stimulus for the business world. The fiscal stimulus is for the business world to contribute greatly in realizing the proposed economic growth of 5.4-5.8% in 2019.

According to him, relaxation policy for example is expected to encourage purchasing power. It claimed it had been previously submitted to the government.