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Indonesia’s growth rate could top 5.3%

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JAKARTA (Reuters) – Indonesian Finance Minister Sri Mulyani Indrawati said yesterday that economic growth this year could top the current official target, thanks to better trade numbers and investment than in 2016.

Ms Indrawati said growth of 5.3 percent is possible, and the government plans to revise the 2017 state budget to change the current target of 5.1 percent.
Still, the minister said she would continue using a range of 5.1 to 5.3 percent for the growth outlook.

“Exports and imports are better than in 2016, we expect positive changes and also slightly better investment,” Ms Indrawati told a press briefing. “We assume consumption to be stable despite slightly higher inflation rate compared to last year.”

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