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Stagnating Economic Growth Looms in Second Half

Indications are that economic growth will be stagnant or sluggish in the second half of this year. A survey of consumer and business confidence shows pessimism. Why?

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| ANTARA FOTO

The government’s expectations on accelerating economic growth in the second half of this year are likely to fade. Indications can be seen from the results of consumer and business surveys. The unpreparedness of the integrated online business licensing system may also hinder investment, which is the second largest contributor to economic growth.

Bank Indonesia (BI) this week released the results of its consumer confidence survey for August 2018. The consumer confidence index (IKK) was again down, to 121.6 from 124.8 the previous month, although remaining above 100 shows consumers are still optimistic.

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