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Tuesday, 03 November 2020 09:45

Indonesia's Economic Growth Is Better Than Other Countries

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President Joko Widodo. President Joko Widodo.

President Joko Widodo said that although the third quarter economic growth is predicted to be minus, the third-quarter economic growth is on a positive trend, at the opening of the cabinet plenary meeting on Monday (2/11).

Previously, the Central Statistics Agency (BPS) noted that Indonesia's economic growth in the second quarter of this year was at minus 5.32 percent.

The President said that national economic growth is still better than other countries.

"We know that yesterday in the second quarter our economic growth was at minus 5.32. In the third quarter, perhaps in a day or two this will be announced by BPS, it will also be in minus numbers," Jokowi said.

"Our estimate is at minus 3, a slight increase. And this is indeed much better when compared to other countries. But we should put pressure on the fourth quarter. So the third quarter is minus 3, and it is an improving trend. a positive trend," Jokowi said.

President Joko Widodo hopes that in the fourth quarter of this year expenditure realization must be at its maximum.

The Head of State asked his staff that the last quarter of this year should be fully utilized.

The President also reminded that the figure in household consumption is still at minus 4, so all parties are obliged to strengthen demand so that consumption becomes better. (VOI)

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