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NEWS UPDATES Asean Affairs   November 24,  2017  

Economic growth in 2018 stagnant at 5%: Economists

Several economists have expressed their doubt that the target of 5.4 percent economic growth as stipulated in the 2018 state budget could be achieved, after weak growth of only 5.03 percent in the third quarter of 2017.

“It may be about the same as this years growth,” said Faisal Basri, an economist with the University of Indonesia on the sidelines of the 2018 Political Economy Outlook organized by the Institute for Development Economics and Finance (INDEF) in Jakarta on Wednesday as reported by

He explained the economy would grow by around 5 percent next year, as household spending, which contribute 50 percent of gross domestic product (GDP), would remain weak.

People prefer to save their money and await better political conditions in the country, he said, adding that as a result, corporations would be reluctant to invest and expand their businesses.

Faisal said the way to boost economic growth would be through government spending, but it would face difficulty because of limited tax revenues and little room to add to debt.   

A similar pessimistic outlook was expressed by INDEF’s senior economic researcher Didik J Rachbini. “Along the second and third quarters, there was no indication of significant recovery. In fact, accelerated [growth] was expected to happen [in those periods],” Didik added.

He still hoped, however, that manufactured exports would be able to boost growth as the products contributed 1.02 percent to GDP in the third quarter, compared to a 0.75 percent in the previous quarter.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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