Great Harvest Potential to Boost Economic Growth in Q2 / 2018

Jakarta -The government is optimistic the economic performance in the second quarter / 2018 is better than the previous quarter. A number of activities were considered to be a driver.

One of them, as said by Coordinating Minister for Economic Affairs Darmin Nasution, is the impact of the large harvest time from last year in March to April. According to him, although not large, the highway harvest will at least contribute 0.1% -0.2% in economic growth.

“I do not have a figure of what the Ministry of Finance is like 5.2% or less or a little bit,” he said on Wednesday (27/06/2018).

Certainly, Darmin is optimistic the second quarter / 2018 will be better than the first quarter of 2016 which is only 5.06%. According to him, the results of economic growth this quarter will ward off the pessimism of people who began to be unsure because of results in the last quarter.

Not to mention the effect of simultaneous regional head elections in 171 regions that encourage the growth of consumption.

Previously, more concrete Ministry of Finance projected economic growth in the second quarter / 2018 of 5.2%. This is based on the rate of demand and supply.

Finance Minister Sri Mulyani Indrawati said, seen from the aggregate component of government demand is optimistic the second quarter / 2018 increase.

In terms of consumption, there is a factor of Lebaran holiday season which compared to the first quarter of 2018 only 4.95% will grow above 5%.

Not only that, in terms of investment, imports have been recorded at 8% from the previous period of 7.9%. Exports are so, from 9% has increased above 12%.

“In addition to government spending as of May of Rp779.51 trillion or an increase of 7.85% compared to May last year, then we expect economic growth to approach 5.2%,” he said.

Meanwhile, in terms of supply or tax revenue overall sector also grew positively. Especially six leading sectors namely manufacturing industry grew 30.0%, trading, 21.2%, mining 7.3%, construction and real estate 6.5%, transportation and warehouse 3.8%, agriculture 2.0%.

What do you think?

Written by DI

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