INDONESIA

The Jakarta Post-May 9

     The 5.06 percent economic growth in the first quarter, as the Central Statistics Agency announced on Monday, was lower than the government estimate of 5.4 percent, Bank Indonesia’s estimate of 5.1 percent and the 5.18 percent analysts had projected. This makes it all the more imperative to go all out in boosting exports to defend the rupiah, which has lost almost 4 percent of its value against the US dollar in the first four months of this year alone.

Optimists may argue that the 5.4 percent growth target for the year could still be realized, taking into account the robust private consumption expected during the Ramadhan fasting month, which starts next week, and the midJune Idul Fitri holiday. Another boost is expected from political campaign spending and logistics for the June 27 legislative elections in 171 regions, as well as in preparation for the April 2019 general election.

Read more at: http://www.thejakartapost.com/academia/2018/05/09/export-more-or-suffer-more.html

First published in: The Jakarta Post