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BI Board of Governor's Meeting, May 2019

Author

Listed:
  • Febrio Kacaribu

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Syahda Sabrina

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Nauli A. Desdiani

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Nisrina Qurratu’Ain

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

Abstract

Slow investment due to the wait-and-see stance of investors amidst the general election and the trend of falling commodity prices has led to lower-than-expected economic growth in Q1 2019. By sector, lower growth was significantly contributed by the continuation of slowing manufacturing growth in the three consecutive quarters. Last month inflation figure remained low at 2.83% (yoy), compared to 3.41% inflation in the same month last year, reinforcing the notion that domestic demand has not fully responded to the democracy celebration and the upcoming Ramadhan season.

Suggested Citation

  • Febrio Kacaribu & Syahda Sabrina & Nauli A. Desdiani & Nisrina Qurratu’Ain, 2019. "BI Board of Governor's Meeting, May 2019," LPEM FEBUI BI Board of Governor Meeting Brief 201905, LPEM, Faculty of Economics and Business, University of Indonesia, revised May 2019.
    • Handle: RePEc:lpe:gomeet:201905
    as

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    File URL: https://www.lpem.org/repec/lpe/queouts/BBG201905.pdf
    File Function: First version, 2019
    Download Restriction: no
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