REPUBLIKA.CO.ID, JAKARTA -- The economy will continue to be under pressure, and a slowdown will occur in the future, Chief Economic Minister Sofyan Djalil stated.
"It is forecast that there will be low economic growth for some time in the future, and thus, the government has set a lower economic growth target in 2016," the minister noted here on Tuesday.
The government has set a lower economic growth target of 5.5-6 percent in 2016. The target is set at a lower level, as it is predicted that the world economy in 2016 will continue to face pressures.
"The Indonesian economy is estimated to continue to experience low growth for some time in the future due to weak growth in the world economy," Djalil explained.
Therefore, acceleration in the realization of investment in the coming five years is expected to help boost the country's economic development.
"If we can realize the investment target of Rp5.6 thousand trillion in the coming five years, it will create relatively high economic growth," the coordinating minister for economic affairs remarked.
Djalil said the government was optimistic that the economic growth in the coming years would be supported by government projects, the private sector, and national investment.
Therefore, the government is taking steps to boost economic growth through the development of infrastructure and investment to support the industries in various regions across the country, the minister stated.
"Though, we still hope that the economy will improve, the development of infrastructure will move speedily, and the economy will grow faster," he noted.