Jakarta (ANTARA) - Indonesia’s economy will grow 5.2 percent in 2020 despite lingering global uncertainty, Chief Economist of the Indonesia Economic Intelligence Sunarsip has projected.

The economic growth forecast could be achieved if the inflation rate is controlled, he said in Jakarta, Friday.

The controllable inflation reflects the people's purchasing power capable of supporting economic growth, he added.

"Our economic growth may reach 5.2 percent next year since inflation could be kept at below 4 percent. If the inflation rate is below 4 percent, the government will still be able to maintain purchasing power," he stated.
Baca juga: Indonesia's economic growth in 2020 to slow down to 4.8 percent: Indef

The inflation forecast of below 4 percent will be the result of the government's and Bank Indonesia's (BI) efforts to maintain stability through the regional inflation control team, he said.

"That is quite effective. I look at it as the real price as the result of the government's effort to maintain it," he said.

The middle-income group that makes up 40 percent of the Indonesian population will also boost the economic growth, he said.

"I believe inflation in 2020 will be below 4 percent due to the government and BI's policies. The government will take a policy to enable the people to go shopping," he said.

Indonesia’s economy will register a slower-paced growth in 2019 as compared to the previous year owing to the impact of the global economic downturn, Vice Finance Minister Suahasil Nazara has projected.
Baca juga: Quality human resources will make Indonesia one of the world's economic power

Indonesia’s economy is expected to grow at 5.05 percent in 2019 than 5.17 percent last year, he remarked during the Mandiri Market Outlook 2020 in Jakarta on December 4, 2019.

In just the third quarter of 2019, the national economy grew 5.02 percent year-on-year (y-o-y).

The 5.02-percent growth is an optimistic target as the economies of peer nations, including India and China, have experienced a deeper economic slowdown, he pointed out.


Pewarta : Astrid Faidlatul Habibah/Suharto
Editor : Budisantoso Budiman
Copyright © ANTARA 2024