Core: Indonesia's Economy in the Third Quarter Below 5 Percent

TRIBUNBATAM.id - Director of Research at the Center for Reform on Economics (Core), Piter Abdullah rate, in the third quarter of 2019 Indonesia's economic growth will again slow down. He estimated the economy would grow in the range of 4.95 percent to 5.05 percent.

"For the Core economic growth in the third quarter of 2019, 4.95 percent to 5 percent. Most likely under 5 percent," said Piter in Jakarta, Friday (10/18/2019).

He said, one of the main pillars in economic growth was consumption, which contributed 56 percent to the overall economy. 

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In addition, investment which when combined with consumption contributes 80 percent to the economy. 

In the next quarter, Piter assessed that economic performance will improve again due to the Christmas and New Year holidays. 

The Head of the Macro Study of the Institute for Community Economic Research (LPEM), University of Indonesia, Febio Kacaribu rate, in the third quarter of 2019 this economic growth will be in the range of 4.9 percent with economic growth at the end of the year at 5 percent. 

"In 2020 there will be a strengthening of between 50 percent and 2 percent. Although he said there would be a crisis (in the United States), but here, the impact is usually a year after that," said Febio. (*) 

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