Followed, the global trend, World Bank estimated Indonesia’ economic growth around 5.2% in 2018 and 2019, or slightly higher than 2017 at 5.07%. It said, the momentum of investment is expected to continue to rise in 2019 to support the growth.
“Some challenges for Indonesia such as falling oil prices could have a negative impact on other terms of trade, the global influence of trade disputes is getting worse, financial market pressures that have been felt by developing countries,” Frederico Gil Sanders World Bank‘s Lead Country Economist for Indonesia last year.
Stronger domestic demand, still led by investment, is expected to outweigh the drag from the external sector, amid slower global growth and continued global trade policy uncertainty, he said.
