Bappenas Predicts 5.1% Growth in 2017

Desi Angriani    •    13 November 2017 16:52 WIB
economic growth (en)
Bappenas Predicts 5.1% Growth in 2017
National Development Planning Minister Bambang Brodjonegoro (second from right) (Photo:MTVN/Desi Angriani)

Jakarta: The Indonesian Development Planning agency (Bappenas) has predicted the Indonesian gross domestic product (GDP) will grew around 5.1 percent this year.

"It is likely to reach  5.1 percent. It may reach around 5.3-5.4 percent in the fourth quarter," Indonesian Development Planning Minister Bambang Brodjonegoro said at the Bappenas head office on Monday afternoon.

"It is unlikely to reach 5.2 percent. It must reach more than 5.5 percent in the fourth quarter," he added.

Indonnesia's economic growth stood at 5.06 percent in the third quarter of 2017. Previously, it stood at 5.01 percent in the first semester of 2017. 

Indonesia's economic growth target was increased to 5.2 percent in the revised 2017 state budget. Preciously, it was set at 5.1 percent in the main 2017 state budget.
(WAH)