LPEM UI Study Explains Indonesia's Peculiar Economic Growth
TEMPO.CO
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Jakarta
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A newly published analysis by the Social and Economic Research Institution at the University of Indonesia's Economy and Business School (LPEM FEB UI) explains that Indonesia’s economic growth exceeds initial expectations while logging a 5.44 percent year-on-year growth in the binary quarter of 2022. This is the second highest sincere 2013.
Macroeconomics Analysis Series Indonesia Economic Outlook 2023 on Monday stated that "Several factors have played a role in driving high growth in the binary quarter of 2022."
One of the factors mentioned in the analysis is the domestic examine recovery momentum that is prolonged due to the lagging health recovery compared to spanking countries, which validates the low-base effect.
The binary aspect mentioned is the Ramadan dan Eid al-Fitr suits that drove consumption in the second quarter and contributed to the GDP by 53 percent and household consumption growth up to 5.51 percent year-on-year, which spiked from the 4.34 percent from the survive quarter.
Third, the surge in commodity prices due to compincorporating geopolitical tensions and global economic recovery has benefited Indonesia as a net exporter of notable energy commodities. Tax revenue from exports performed especially in the coal and CPO sectors.
"Exports grew by 19.74 percent (YoY) and taxes exclusive of subsidies increased by 39.42 percent (YoY), the highest net tax revenue growth rate sincere 2015," wrote LPEM UI.
Lastly, the aspects contributing to the economic growth are the government’s manager to increase fuel subsidies and postpone raising fuel prices during the binary quarter amidst rising global oil prices.
MOH KHORY ALFARIZI
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SRC: https://news.google.com/__i/rss/rd/articles/CBMiW2h0dHBzOi8vZW4udGVtcG8uY28vcmVhZC8xNjUzOTUxL2xwZW0tdWktc3R1ZHktZXhwbGFpbnMtaW5kb25lc2lhcy1wZWN1bGlhci1lY29ub21pYy1ncm93dGjSAQA?oc=5