Economic Growth Quite Robust, President Jokowi Says

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation
Date 5 November 2018
Category: News
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President Jokowi accompanied by Minister of Transportation, Governor of Jakarta and Head of Jakarta House of Representatives (DPRD) observes MRT Station, at Lebak Bulus, Jakarta, Tuesday (6/11). (Photo: JAY/PR)

President Jokowi accompanied by Minister of Transportation, Governor of Jakarta and Head of Jakarta House of Representatives (DPRD) observes MRT Station, at Lebak Bulus, Jakarta, Tuesday (6/11). (Photo: JAY/PR)

Indonesia’s economic growth is better compared to that of countries, President Joko “Jokowi” Widodo has said.

In the third quarter of 2018, Indonesia’s economic growth reached 5.17%, rising by 3.09% compared to that in the same period last year.

“We can maintain our economic growth at 5.1% – 5.2%, It is quite good compared to that of other countries,” President Jokowi told reporters after at Lebak Bulus MRT Station, Jakarta, Tuesday (6/11).

President Jokowi also referred to data on public consumption trends that are still above 5% and the said that the Government hopes to maintain the figure or even increase it in the last quarter of 2018.

“Amidst the slowdown of the global economy and the ongoing trade war, I think it is quite good that our economic growth stands at 5.17 percent,” President Jokowi said, while predicting until the end of 2018 the growth will be around 5.1 percent.

Regarding the unemployment rate, President Jokowi added that it has shown a decline even though the number is still above 5%. The highest unemployment, the President added, is among vocational high school (SMK) graduates and the Government is still focused on addressing this issue.

“Our focus is to improve the quality of our SMK so that our human resources are totally ready to enter the workforce,” the President said, adding that the Government has cooperated with the German Government through the Siemens Corporation to help improve the quality of vocational schools.

The Central Statistics Agency (BPS) has previously reported that Indonesia’s economic growth in the third quarter of 2018 reached 5.17 percent, meaning there is a 3.09% increase compared to that in the second quarter of 2018.

“The highest growth was achieved by other service business fields at 9.19 percent; followed by information and communication at 8.98 percent; and corporate services at 8.67 percent,” said BPS Head Suhariyanto at a press conference at the BPS office, Jakarta, Monday (5/11). (FID/JAY/ES)

 

 

Translated by: Estu Widyamurti
Edited by: M. Ersan Pamungkas

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