BANDUNG- Bank Indonesia West Java Representative Office predicts West Java's economy in 2020, not much different from this year's conditions. The impact of the trade war, the slowdown in the manufacturing sector, and exports are estimated to still overshadow economic conditions next year.
According to the Head of the Advisory and Finance Division of the Bank Indonesia Representative Office of West Java, Taufik Saleh, economic growth in West Java is quite heavy where export growth which is the cornerstone of the manufacturing industry sector fell compared to 2018,
"It is rather difficult for us to lead to economic growth that is high enough that West Java will probably grow below 2018," he said.
Taufik estimates that West Java's economic growth in 2020 will increase between 5.4 percent and 5.8 percent, where the source of economic growth is still supported by domestic demand, consumption and investment.
"This year In Shaa Allah, if 5.45 or 5.43 is already very good," said Taufik, in the West Java Got Information (Japri) event at Gedung Sate, Bandung, Thursday (12/19).
Taufik said, Bank Indonesia has the duty to keep inflation in 2019 at 3.5 or around 2.5 percent or a maximum of 4.5 percent.
"Until the 3rd week of December, it seems that inflation will not break above 3.1 percent for the national level, but for West Java it is a bit higher," he said. (Parno)