Indonesia may see 5.4 pct growth this year: official

Source: Xinhua| 2017-10-16 20:56:04|Editor: Song Lifang
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JAKARTA, Oct. 16 (Xinhua) -- Indonesia's Coordinating Minister for the Economy Darmin Nasution said on Monday that the nation may see a 5.4 percent economic growth by the end of this year on the back of improving economic parameters, including investments and exports.

The minister's estimation was higher than 5.2 percent set in the state budget assumption and estimates initially published by international rating agencies which stood around the same level.

"Therefore, we see the economic may grow up to a level that is possibly approaching 5.4 percent," the minister said in his office here, adding that the economy is still on track to grow better at present.

He added that improvement in investments and exports in the remaining period of this year would be coupled with government expenditure, which he said will grow less-than expectation but higher than it was in the same period last year.

The senior minister added that settlement of part of essential infrastructure projects in transportation, electricity and bridges later this year may also contribute to the growth.

The World Bank and the International Monetary Fund have initially predicted that Indonesia's growth will be at 5.2 percent this year on the back of relatively stagnant commodity prices in international market, as well as efficacy of government's economic reform policies.