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Jakarta Post

RI's GDP growth to remain sluggish next year: Analysts

  • Adrian Wail Akhlas and Marchio Irfan Gorbiano

    The Jakarta Post

Jakarta   /   Wed, December 11 2019   /  01:30 am

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) data revealed.“Weakening exports pose the biggest ...