Widodo, Kalla discuss economic issues

Jakarta (ANTARA News) - President Joko Widodo held a meeting with Vice President Jusuf Kalla here on Tuesday to discuss economic issues, such as investment, exports, and preparations, for the 2018 Asian Games.

The meeting was conducted at the Vice Presidents office, Jakarta, here on Tuesday.

"We discussed about how to increase investment and exports, as those are our keys in the economy. We also spoke about preparations for the 2018 Asian Games," Widodo said after the meeting here on Tuesday.

The president pointed out that investment and exports were keys to boost economic growth.

Investment opportunities in the field of mining, industry and infrastructure need to be improved, the president noted.

On Monday afternoon, the Central Statistics Agency (BPS) released cumulative economic growth of 5.07 percent (yoy) in 2017.

According to spending, economic growth in 2017 is supported by household consumption, which grew 4.95 percent; gross fixed capital formation, which grew 6.15 percent; and government consumption, which grew 2.14 percent.

A trend of rising commodity prices, which is believed to attract investment flows and boost household consumption, will increase the economic growth in 2018 to 5.3 percent year-on-year (yoy), an economist of DBS Bank Gundy Cahyadi earlier remarked.

"If commodities remain at current levels, the investment growth and household consumption will increase," Cahyadi stated.

In addition, the realization of infrastructure development will affect the economy in 2018.

In 2017, infrastructure development attracted investment that boosted Indonesias economic growth in the fourth quarter of 2017 by 5.19 percent (yoy).

"We expect GDP growth of 5.3 percent in 2018," Cahyadi remarked.

Source: ANTARA News

Related posts