Jakarta, February 9, 2023（AseanAll）— Head of the Office of Bank Indonesia (BI) of East Nusa Tenggara Province (NTT), Donny H. Heatubun, said that the election of Labuan Bajo as the host of Asean Summit 2023 will be a momentum to strengthen NTT's better economic growth, especially through the sector Tourism, so as to improve the welfare of the NTT community.
According to InfoPublik，currently, said Donny, the economic performance of the Province of NTT still shows a fairly strong resilience amid the slowdown of the global economy and the increase in domestic inflation, reflected in the condition of the economic growth of NTT Province in the fourth quarter of 2022 which still grows quite high by 3.45 percent (yoy).
With this development, NTT's economic growth in 2023 reached 3.05 percent cumulative to cumulative (C-to-C), higher than the previous year's achievements of 2.52 percent (C-to-C).
According to him, the remaining strong economic performance is mainly supported by the continued improvement of domestic demand which is increasingly high. NTT economy improvement is also reflected in the performance of various business fields that remain good.
Labuan Bajo
"In the future, Bank Indonesia estimates that economic growth in 2023 will remain strong driven by improvement of domestic demand in line with the continuing increasing mobility and continuing the settlement of the National Strategic Projects (PSN)," Donny said in a written statement received on Thursday (9/2/2023).
However, continued Donny, the impact of the global economic slowdown on export performance and the potential for household consumption due to an increase in inflation should be watched out for.
"NTT's economic recovery optimism is expected to continue in 2023, where economic growth is predicted to increase, assuming domestic demand that remains strong in the midst of the preparation of the political year of fiscal capacity building, government infrastructure development, and investment acceleration, especially through the development of PSN and the development of tourism infrastructure Keep going, "concluded Donny.
