Kansel
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Economists Are Suspicious of Indonesia’s Steady GDP Figures
By
Karlis Salna
,
Rieka Rahadiana
, and
Viriya Singgih
November 5, 2019, 2:13 AM ESTUpdated on November 5, 2019, 4:23 AM EST
- GDP figures have hovered around 5% for several years already
- Subdued growth leaves door open for more interest rate cuts
Customers walk past vegetable stalls at the Masomba traditional market in Palu, Central Sulawesi, Indonesia. Photographer: Putu Sayoga/Bloomberg
Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.
Indonesia’s economic growth has barely moved in three quarters, prompting some analysts to cast doubt over the data.
https://www.bloomberg.com/news/arti...ady-economic-growth-leaves-economists-puzzled
Lol, Indonesia economy growth is already slumped when looking at our standard, but then Englishman and Nguyen woman said we fudge the datas to look more credible in which we cant do that as the more credible econom around the world is closely monitor us like bloomberg, IMF, World bank, moody and so on
Even funnier is that Indonesian government set target based on IMF and WB prediction prior of each year. If anyone should be blamed for the 5 percent growths, they should blame IMF and WB for keep predicting Indonesian growth around 5 percent. Lol
Bloomberg is well known to make story like that, I dont know for sure but I think their business editor or even their managing editor get so much pain to see that Indonesia is not affected too much with trade war that is going on
They should have understood that Indonesia economy growth is mainly driven by domestic consumption. So it is understandable that we dont get affected too much on global economic slow down.
Economists Are Suspicious of Indonesia’s Steady GDP Figures
By
Karlis Salna
,
Rieka Rahadiana
, and
Viriya Singgih
November 5, 2019, 2:13 AM ESTUpdated on November 5, 2019, 4:23 AM EST
- GDP figures have hovered around 5% for several years already
- Subdued growth leaves door open for more interest rate cuts
Customers walk past vegetable stalls at the Masomba traditional market in Palu, Central Sulawesi, Indonesia. Photographer: Putu Sayoga/Bloomberg
Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.
Indonesia’s economic growth has barely moved in three quarters, prompting some analysts to cast doubt over the data.
https://www.bloomberg.com/news/arti...ady-economic-growth-leaves-economists-puzzled
Lol, Indonesia economy growth is already slumped when looking at our standard, but then Englishman and Nguyen woman said we fudge the datas to look more credible in which we cant do that as the more credible econom around the world is closely monitor us like bloomberg, IMF, World bank, moody and so on
Well IMF and WB use the govt data. Any issues other economists bring up with credibility/applicability/standardisation etc etc....are issues already baked in with the projection. IMF, WB take all govt data in good faith....they dont go anywhere through fine toothed comb...there are just 3 basic standards countries (depending on their institutional development) subscribe to.
Yup bro, they all have globalist bias. They are quite frankly cherry picked stupid authors lot of the time. They dont get challenged enough, because a week down when you bring response (in say another media outlet), these people have already done damage and moved onto 10 other topics.
Hi I just did quick look at Indonesia underlying numbers of note (stuff Indonesia govt cannot "manipulate" as they are vetted by other parties....like P/E trends in market, market cap, foreign investment, exports etc) and its looking solid enough.
A lot of problem also arise because lot of people treat GDP as be all end all number. When really it is just one number out of many (and its not perfect or even reasonable estimate lot of the time at all).
EDIT: I would like to add, if Indonesia is not growing well and is lacking credibility to extent these bloomberg twits claim, these numbers would not be growing like they are at all:
View attachment 588203
....because simply there would not be the buffer leverage (given this is investment you are diverting for OUTSIDE countries) to do that when you are growing slowly. It is all accounting confirmed by OTHER countries outside Indonesia.
Honestly I don't know what these "economists"/"experts" cherry pick sometimes. They go in with one uni-model (which they badly apply as well) for everyone, its frankly so stupid.
Lol, as I said, since the global financial crisis un 2008, we've had the most stable economic growth in THE WORLD.Economists Are Suspicious of Indonesia’s Steady GDP Figures
By
Karlis Salna
,
Rieka Rahadiana
, and
Viriya Singgih
November 5, 2019, 2:13 AM ESTUpdated on November 5, 2019, 4:23 AM EST
- GDP figures have hovered around 5% for several years already
- Subdued growth leaves door open for more interest rate cuts
Customers walk past vegetable stalls at the Masomba traditional market in Palu, Central Sulawesi, Indonesia. Photographer: Putu Sayoga/Bloomberg
Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.
Indonesia’s economic growth has barely moved in three quarters, prompting some analysts to cast doubt over the data.
https://www.bloomberg.com/news/arti...ady-economic-growth-leaves-economists-puzzled
Lol, Indonesia economy growth is already slumped when looking at our standard, but then Englishman and Nguyen woman said we fudge the datas to look more credible in which we cant do that as the more credible econom around the world is closely monitor us like bloomberg, IMF, World bank, moody and so on
Well, i can't doubt it tho cause it is the best tasting instant noodles for me
It's really nice isn't it?
LAPAN jajaki kerja sama internasional pembangunan Bandar Antariksa
Sah! Biak jadi Bandar Antariksa pertama Indonesia