Investment

Indonesian GDP growth at 5.17 percent in the third quarter of 2018

President Joko “Jokowi” Widodo has expressed his happiness with the 5.17 percent gross domestic product (GDP) growth in the third quarter of 2018 announced by Statistics Indonesia (BPS), saying that it was a “very good” achievement amid the global economic uncertainty.

“Alhamdulillah [Thank God], in my opinion it is very good. It means, we are still able to maintain 5.1 percent growth,” said Jokowi as quoted by tribunnews.com when visiting the MRT depot in Lebak Bulus, South Jakarta on Tuesday.

“If we compare the global economic slowdown amid the trade war, the fact that our economy grew 5.17 percent was a good achievement.”

He stressed his government had a strong commitment to expanding the country’s economy in the future.

He said among the government programs to maintain economic growth was to provide vocational training among the graduates of vocational schools (SMK) to assure that they would be ready to fill the needs of industry.

“Vocational training is still our focus to improve the quality of our human resources so that they are ready to enter the employment world,” Jokowi added.

BPS announced on Monday that the Indonesian economy grew by 5.17 percent year-on-year (yoy) in the third quarter of 2018. It was lower than the previous quarter’s growth, which was 5.27 percent yoy, but it was higher than the first quarter’s, which was 5.06 percent yoy. (bbn)

The Jakarta Post

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