Indonesian Economy Only to Grow at 6.5 Pct

Pertumbuhan Ekonomi Indonesia : Pembangunan Rusun
Sumber :
  • VIVAnews/Tri Saputro

VIVAnews - The Susilo Bambang Yudhoyono administration targeted that the Indonesian economy will grow at between seven and 7.7 percent by the end of 2014. However, many have doubted the president's expectation.

In fact, Chief of Economists at Bank Mandiri, Mirza Adityaswara, viewed that the Indonesian economy can only hit 6.5 percent of growth. "It is due to the limited infrastructure in this country," he said in Jakarta on Monday, August 23.
 
He reminded that the economic growth of more than 6.5 percent will in fact spark higher inflation rate and result in current account deficit.

The most worrying possibility is that if the economic growth is boosted to exceed 6.5 percent. It may set off an economic bubble.

He cited the economic growth is only six percent for the time being but the inflation rate hikes due to minimum infrastructures.

Another impact of the economic growth include the stagnancy of export at US$12 billion. On the other hand, import soars to US$11.7 billion.

According to him, every country has its own growth capacity. An example of this is China, which records a safe economic growth of until nine percent.

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Translated by: Bonardo Maulana W

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29 Maret 2024