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LPEM FEBUI Quarterly Economic Outlook 2019 Q3

Author

Listed:
  • Febrio Kacaribu

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Nauli A. Desdiani

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Syahda Sabrina

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Nisrina Qurratu'Ain

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Teuku Riefky

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

Abstract

Indonesia’s economic growth in Q1 2019 is recorded at 5.07% (y.o.y), lower than 5.17% (y.o.y) as in the previous quarter. Despite of the seasonal pattern, the global stresses caused by economic downturn and wait-and-see mode of investors ahead of the 2019 general election might have impeded overall household consumption and investment. The manufacturing sector, which remains the most contributing sector, only grew at 3.95% (y.o.y) in Q1 2019. Amidst global uncertainty, the general election has ended, and the new administration would step into the office. The new government should take the structural reforms agenda of utmost importance and addressed through bold and significant steps to revive the competitiveness level of Indonesia’s manufacturing industry.

Suggested Citation

  • Febrio Kacaribu & Nauli A. Desdiani & Syahda Sabrina & Nisrina Qurratu'Ain & Teuku Riefky, 2019. "LPEM FEBUI Quarterly Economic Outlook 2019 Q3," LPEM FEBUI Quarterly Economic Outlook 201903, LPEM, Faculty of Economics and Business, University of Indonesia, revised Mar 2019.
    • Handle: RePEc:lpe:queout:201903
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    File URL: https://www.lpem.org/repec/lpe/queouts/IEO201903.pdf
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