Tag: PKH

Cash-for-Work: Good, but Not Enough

Household consumption is still the biggest component of Indonesian GDP. In the past few years, consumption were relatively flat due to a combination of factors. In a bid to boost the economy, President Jokowi has accelerated and expanded two important programs: Family Hope Program (PKH) and cash-for-work. The President was in Dharmasraya Regency, West Sumatra province Wednesday (Feb 7) to inspect implementation of the programs.

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Low Growth & Jokowi’s Bid for 2nd Term

As incumbent, Jokowi will be judged by achievements in next year’s election. While Jokowi is appreciated for consistent push in infrastructure development, opponents will continue to exploit the low economic growth rate in the past three years. It is true that last year’s economy was the strongest since 2014, but still way below average of second term of Jokowi’s predecessor Susilo Bambang Yudhoyono (SBY).

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Household Consumption in 2018

Beverages producers suffered negative growth of 1% last year, the first time in the past 10 years, which was attributable to slowdown in the mid-low income segment. Car producers, meanwhile, reported 1.6% growth only to 1.08 million units mainly due to 34% fall in the sedan segment and flat growth of multi-purpose vehicle (MPV). Both industries blamed weak household consumption in the society. Will 2018 be better?

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