BI Cuts Economic Growth be 5.8 to 6.2 percent

Indobusiness - Bank Indonesia (BI) again revised down its economic growth throughout 2013 from 5.9 to 6.3 percent to 5.8 percent - 6.2 percent. This correction adapted to global developments are still recovering.

BI Governor Agus Martowardojo said the target will be in accordance with the global state is corrected.

"Having examined the impact because no corrections the world condition, the target of economic growth in 2013 would only reach 5.8 to 6.2 percent," Agus said during a press conference at the Bank Building in Jakarta, Friday (07/05/2013).

Previously, the government had agreed that Indonesia's economic growth target in accordance with the state budget in 2013 amounted to 6.3 percent. Agus considered that the decline in economic growth is due to a decrease of the investment sector.

In 2012, the contribution of investment to economic growth reached 9.8 percent. While this year will only reach 6.3-6.7 percent.

Agus assume that foreign pressure is so strong hit Indonesia today. The proof, no foreign funds pull out of the ground water at Rp 40.1 trillion, equivalent to 4.1 billion U.S. dollars.

This condition is a response from the United States who has started to stop the fiscal stimulus. On the other hand, also began removing foreign government securities, shares and began to convert rupiah to the U.S. dollar and bring back overseas.

"But now the impact of foreign pressure has begun to subside," he added.