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Jakarta Post

Indonesia’s GDP growth to remain sluggish, or even slow next year: Analysts

The Jakarta Post Image
President Joko “Jokowi” Widodo (second left), accompanied by Industry Minister Agus Gumiwang Kartasasmita (right), talks to the founder of PT Chandra Asri Petrochemical Prajogo Pangestu (second right) following the inauguration of the company’s polyethylene plant in Cilegon, Banten on Dec. 2. The President hopes the new factory can save imports of polyethylene and create more jobs. (Antara/Asep Fathurahman)
Adrian Wail Akhlas and Marchio Irfan Gorbiano
Jakarta   ●   Tue, December 10, 2019

Indonesia's GDP growth is expected to remain sluggish in 2020 as weakening exports and commodity prices in addition to global uncertainties continue to take their toll on the economy.

The country's economic growth is expected to grow by 5 percent this year and will remain the same in 2020, according to Singapore-based lender Bank DBS Indonesia economist Masyita Crystallin.

"Next year's flat baseline is an optimistic [stance] because of weak exports, investment and consumer spending. Growth, however, should pick up by 2021 to just 5.1 percent," said Masyita in a press briefing in Jakarta on Dec. 4.

The country’s annual GDP growth stood at 5.02 percent in the third quarter of this year, down from 5.05 percent in the second quarter, as investment and exports plunged while household spending stagnated, Statistics Indonesia (BPS) da...

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