[ad_1]
Jakarta, CNBC Indonesia – Finance Minister Sri Mulyani Indrawati has revised the forecast for economic growth in the fourth quarter of 2020. From what was previously expected to be close to 0% to down to 2.9%.
“In the fourth quarter, the outlook for the Ministry of Finance is in the range of minus 0.9% to minus 2.9%,” he said at a press conference of our State Budget, on Monday (12/21/2020 ).
This review was done because it saw the Covid-19 spread that was still high at the end of this year, so the adjustment was carried out again.
However, he saw that the economy in the last quarter was much better than in the previous two quarters. Where in the second quarter minus 5.32 percent and minus 3.49 percent in the third quarter.
In the last two weeks, on the one hand, there is hope to travel, but due to the increase in Covid, various security measures have become one of the obstacles to the recovery momentum in the fourth quarter, so the fourth quarter is slightly better than the third, but has not yet been able to reach a positive level because there are steps. measures to contain the spread of covid, “he said.
In detail, the economy in the fourth quarter will be mainly supported by public spending, which will accelerate towards public consumption.
Consumption in the fourth quarter is expected to still contract in the range of -3.6% to -2.6%. For the full year, the economy is projected to be in the range of -1.7% to -2.2%.
“We will continue to monitor the implementation of our state budget. Government spending is growing high but it cannot drive other sectors such as investment, consumption and exports. This is where we continue to improve overall economic performance both in terms of demand and supply. “he explained.
(dru)
