Despite the global economic slowdown, Indonesia is among the three countries with the highest economic growth during the last years, President Joko “Jokowi” Widodo said. Indonesia’s president announced the country’s latest economic performance during a gathering of the leadership of the National Mandate Party (PAN) at Bidakara Hotel on Sunday (Nov 13, 2016).
Citing the World Bank, Jokowi pointed out that the global economic growth is supposed to slow down from 3.5 to 3.1 percent in 2016. In the face of those international developments, Indonesia still managed to further expand its economy by 4.91 percent in the first quarter of the year, by 5.18 percent in the second quarter and by 5.02 percent in the third quarter, the president said. With this growth, the country provides the third highest economic growth in the world after China and India.
Jokowi added that several other factors such as poverty, unemployment and inflation rate have also been improving, while those numbers have been seen rising in other countries.