Indonesia worries about economic prospects in 2018

Indonesian Miniser of Finance Sri Mulyani (Source: Antara)
– Indonesian Minister of Finance Sri Mulyani has warned of global risks that could affect the country’s
economic situation as well as its efforts to reach the development targets in
2018, the Antara news agency reported on September 8.

Among the external risks are those relate to the development of the US and
China, the world’s largest economies, the minister said at a meeting on state
budget of the Commission XI of the House of Representatives one day earlier. 

“We continue to watch the trend of trade especially with the United
States which tends to be protective and we also see risks from the trend of
rebalancing of the Chinese economy,” she was cited by Antara as saying.

Other global risks in 2018 are stagnation in commodity prices, US dollar
strengthening, escalation of conflict on the Korean peninsula, Brexit process
and terrorist threats, Mulyani said. 

The minister stressed that despite the risks ahead, the Government will
maintain its economic growth target at 5.4 percent in 2018.

She underlined the need for Indonesia to have a policy to face global economic
uncertainties and accelerate the implementation of major economic programmes
set by the Government.

Household consumption, along with investment and export activities of
small enterprises would drive the national economy in 2018, Mulyani added.-VNA 

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