JAKARTA. Economists estimated that the slow growth of household consumption has caused to the slow economic growth during the third quarter of 2016, while the cuts in goverment expenditures have started affecting the economy. The economists expected that the economic growth in the third quarter of 2016, which will be announced by the Statistics Indonesia (BP), is expected to be lower than the growth in the last second quarter of 2016 that stood at 5.18% on year on year basis. Economist at Aset Manajemen Lana Soelistianingsih projected that as of the end of third quarter of 2016 the economy grew by 4.9%-5.03% on year on year basis. Lana expected that the improvement in retail sales will lead the economic growth to have potentials to grow at above the prediction.
Economic growth slowed in the third quarter
JAKARTA. Economists estimated that the slow growth of household consumption has caused to the slow economic growth during the third quarter of 2016, while the cuts in goverment expenditures have started affecting the economy. The economists expected that the economic growth in the third quarter of 2016, which will be announced by the Statistics Indonesia (BP), is expected to be lower than the growth in the last second quarter of 2016 that stood at 5.18% on year on year basis. Economist at Aset Manajemen Lana Soelistianingsih projected that as of the end of third quarter of 2016 the economy grew by 4.9%-5.03% on year on year basis. Lana expected that the improvement in retail sales will lead the economic growth to have potentials to grow at above the prediction.