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Jokowi is convinced that the economy in the third quarter of 2022 is increasingly tokcer, growing from 5.4% to 6%

Jokowi is convinced that the economy in the third quarter of 2022 is increasingly tokcer, growing from 5.4% to 6%

 


JAKARTA, DDTCNews – President Joko Widodo (Jokowi) has expressed optimism about the performance of the national economy. After being able to grow by 5.4% in the second quarter of 2022, the national economy should be able to grow more strongly in the third quarter of 2022.

Jokowi predicts that the national economy can grow in the range of 5.4% to 6% in the third quarter of 2022. Several factors supporting this projection are the inflation rate which can be kept “low”, the exchange rate which is relatively stable despite the weakening and improvement recorded in the manufacturing PMI score.

“I just want to push optimism, don’t be pessimistic. Indeed, what we are facing is not easy but you have to stay optimistic. In my opinion [perekonomian kuartal III/2022] will increase in the second quarter. We are already at the end of September,” Jokowi said in a statement. UOB Economic Outlook 2023Thursday (29/9/2022).

Read also: Jokowi: I want to say thank you to the taxpayers

For information, the performance of economic growth of 5.4% in the second quarter of 2022 was supported by household consumption and the continued strengthening of export performance. Not only that, investment realization is also showing a recovery trend from the pressures of the pandemic.

Finance Minister Sri Mulyani said economic growth in the second quarter of 2022 continued the positive trend that had occurred since last year. Of all the components of spending, only government spending contracted.

He assessed that the contraction in public spending, even since the first quarter of 2022, was not entirely negative. This is because the baseline for this component last year was high, given the large amount of funds disbursed by the government to deal with the pandemic and protect affected communities.

Also read: Jokowi wants Indonesia to be self-sufficient in asphalt by 2024, this move is prepared

On the other hand, Sri Mulyani said that the need for government spending in the second quarter of 2022 was indeed not as great as in the same period last year. In spending the state budget, he pointed out that the government is always careful and not reckless to maintain its quality.

Meanwhile, the Organization for Economic Co-operation and Development (OECD) estimates that Indonesia’s economy will grow by 5% this year and slow to 4.8% next year.

The OECD projection is lower than the government’s assumption in outlook APBN 2022 and RAPBN 2023 as well as the Asian Development Bank (AfDB) projections that have been released recently. (sap)

Also read: Jokowi promises to speed up payout of wage subsidies, focuses on regions

Sources

1/ https://Google.com/

2/ https://news.ddtc.co.id/jokowi-yakin-ekonomi-kuartal-iii-2022-makin-tokcer-tumbuh-54-6-42320

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