Indonesia Expat
Business/Property News

Jokowi Claims Economic Growth Better Than Other Countries

Jokowi Claims Economic Growth Better Than Other Countries

President Joko Widodo (Jokowi) has claimed that Indonesia’s economic growth in the third quarter of 2020 was better than economies of other countries but did not specify the other countries in question.

“In the third quarter, statistics have been announced that estimate our economic growth at -3%. It will go up a little, this is good,” Jokowi said on Monday 2nd November.

Jokowi asked that people maintain their optimism even though Indonesia’s economic growth in the third quarter experienced negative growth.

The Head of State asked the Central Bureau of Statistics (BPS) to explain that Indonesia’s economic growth is on an upwards trend, pushing Indonesia in a positive direction. He further requested for optimal budget absorption, so money circulates in the community more effectively.

Also Read Jakarta Becomes the Best City for Transportation in the World

This will increase purchasing power and household consumption will rise.  “It is our duty to strengthen demand so that this consumption will be better,” declared Jokowi.

Indonesia’s economic growth in the second quarter was recorded at -5.32% due to various social restriction policies amidst the COVID-19 pandemic. The government is currently awaiting a response from the BPS regarding economic growth in the third quarter.

Source: Kompas

Related posts

Viral Naked Russian Woman Performed Apology Ritual

Indonesia Expat

Whoosh Sees Sharp Increase in Foreign Passengers in Early 2025

Indonesia Expat

New Visa Options for Second Home Owners in Indonesia

Indonesia Expat

Riau Islands Boost Foreign Tourist Arrivals Through New Easy Access Programme

Indonesia Expat

5.6 M Earthquake Shakes Jakarta, No Tsunami Potential

Indonesia Expat

Foreigners Accused of Embezzling on Batam Flee Indonesia

Indonesia Expat