GDP Update: What about Indonesia's Economic Growth in Q1-2016?
ARUM FEBRIANA (21215057) MIKE NOVIANA (24215174) WIDYA ANI (27215135) 1EB21 Darmin Nasution, the Chief Economics Minister of Indonesia, said economic growth of Indonesia in the first quarter of 2016 may be somewhat curtailed as the (food) harvest season has shifted from March to April and May. The harvest season is important for the economy because it causes a multiplier effect. However, government-led infrastructure investment may still be able to push Indonesia's gross domestic product (GDP) growth higher in Q1-2016 compared with the 5.04 percent (y/y) growth of Q4-2015. Nasution said he expects a Q1-2016 GDP growth rate around 5.1 - 5.2 percent (y/y). Sasmito Hadi Wibowo, Deputy of Distribution and Services Statistics at the country's statistics agency (BPS), explained that the harvest season always contributes positively to Indonesia's economic expansion because this season encourages a sharp rise in food production and processed food...