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Growth and Productivity

Indonesia\'s economic outlook is not very optimistic: growth has slowed, while its competitiveness ranking has fallen.

By
A PRASETYANTOKO
· 5 minutes read
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KOMPAS/PRIYOMBODO

A retail supermarket in South Jakarta, Saturday (9/11/2019). The Indonesian economy in the third quarter of 2019 grew 5.02 percent. Household spending, which grew 5.01 percent, contributed greatly with a portion of 56.52 percent.

Indonesia’s economic outlook is not very optimistic: growth has slowed, while its competitiveness ranking has fallen. However, expectations remain high in the long term, dependent on policy consolidation and a focus on increasing productivity.

Statistics Indonesia (BPS) recently announced that Indonesia\'s gross domestic product (GDP) reached Rp 4.06 quadrillion (US$290.55 billion) at current prices in the third quarter, a growth 5.02 percent compared to the same quarter last year.

Editor:
Syahnan Rangkuti
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