VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

President Joko Widodo (Jokowi) said that the economic growth in the third quarter of 2020 would be in the range of minus three percent, but this realization was better than in the second quarter of 2020 which was minus 5.32 percent.

 

 "So the third quarter may be minus three percent less, and that is an improving trend, a positive trend.  This should be emphasized later if there is an announcement from BPS, from 5.32 percent (second quarter) to minus 3 to minus 3 percent, ”said President Jokowi when opening a plenary cabinet session at the State Palace, Jakarta, Monday.

 

 The Central Statistics Agency (BPS) is scheduled to announce the realization of economic growth in the third quarter of 2020 on November 5, 2020.

 

 President Jokowi said that even though economic growth was still contracting, in the third quarter of 2020 the recovery was already visible.  The realization of economic growth in the third half will improve compared to the second quarter of 2020 which fell by 5.32 percent.

 

 Therefore, President Jokowi emphasized his staff to boost the realization of budget spending in the fourth quarter or the last half of 2020. President Jokowi hopes that with significant budget absorption in the fourth quarter of 2020, it will encourage economic activity to turn around so that it can bring the economy to a positive level.

 

 "In the fourth quarter of 2020, I convey this is very important, so that we can be even better, so that we can improve again, thankfully we can enter positively, so that spending, spending, must be after all of us," said President Jokowi.

 

 For the third quarter of 2020, the Gross Domestic Product (GDP), President Jokowi said that household consumption and investment expenditures are still at a negative level.  So the government will continue to strive to increase the stimulus to maintain people's purchasing power.

 

 "So it is our duty to strengthen demand, (demand) so that consumption will be better," said President Jokowi.