V.

SESSION SIX
ECONOMIC PERFORMANCE AND ISSUE IN MAJOR REGION

World Bank revises Indonesia's economic growth estimates down to 5.2 percent
Anton Hermansyah, The Jakarta Post

The World Bank has revised its estimated rate of Indonesian economic growth down to 5.2
percent in its April edition of the East Asia and Pacific Economic Update report, compared to the
5.3 percent set in the January edition of the Indonesia Economic Quarterly.

However World Bank Indonesia economist for macroeconomics and fiscal management Dhruv
Sharma said the 10 basis points (bps) decline was largely “mechanical”. The more important
thing was that it projected Indonesia's economy would grow in the next three years.
"We have an upward trajectory for Indonesia over the next three years as the economy reached
bottom last year," he said in a press briefing in Jakarta on Thursday.

The report forecast 2018 and 2019 gross domestic product (GDP) to grow to 5.3 and 5.4 percent
respectively, higher than the 5.02 percent in 2016. That is in line with global economy growth,
which is predicted to be 2.7 in 2018 and 2.9 percent in 2019, compared to 2.3 percent in 2016.

World Bank Indonesia acting lead economist Hans Anand Beck said Indonesia's growth will be
supported by credit growth and higher oil prices, which also boost commodity prices. "We see
developments in the credit markets are supported by demand for financing because of foreign
investments," he said.

The credit growth would be supported by a lower credit rate as Bank Indonesia cut its policy
rates six times during 2016. However, the transmission to the bank lending rates in the industry
would be seen in 2017. (ags)

A. Find the meaning of italic and underlined words and make a sentence of each!

B. Answer the following questions!

1. How is Indonesia economy growth quarterly?
2. How did Dhruv Sharma predict Indonesia's economy for the next three years?
3. Who said that developments in the credit markets are supported by demand for financing
because of foreign investments?”

C. Grammar discussion

Reported Speech (or Direct and Indirect Speech)

Google dictionary said that reported speech is a speaker's words reported in subordinate clauses
governed by a reporting verb, with the required changes of person and tense (e.g., he said that he
would go, based on I will go ).
In reported speech, the tenses, word-order and pronouns may be different from the original
sentence. They will change depend on pronoun and tense. The basic thing is:
- Present to Past
- Past to past perfect

 
Reported speech (1)
https://learnenglish.britishcouncil.org/en/quick-grammar/reported-speech-1

When we report someone’s words we can do it in two ways. We can use direct speech with
quotation marks (“I work in a bank”), or we can use reported speech (He said he worked in a
bank.)

In reported speech the tenses, word-order and pronouns may be different from those in the
original sentence.

Present simple and present continuous tenses

 Direct speech: “I travel a lot in my job” Reported speech: He said that he travelled a lot
in his job.
The present simple tense (I travel) usually changes to the past simple (he travelled) in reported
speech.
 Direct speech: “Be quiet. The baby’s sleeping.” Reported speech: She told me to be quiet
because the baby was sleeping.
The present continuous usually changes to the past continuous.

NB:
 “I work in Italy” Reported speech: He told me that he works in Italy.
It isn’t always necessary to change the tense. If something is still true now – he still works in
Italy – we can use the present simple in the reported sentence.

Past simple and past continuous tenses

 Direct speech: “We lived in China for 5 years.” Reported speech: She told me they had
lived in China for 5 years.
The past simple tense (we lived) usually changes to the past perfect (they had lived) in reported
speech.
 Direct speech: “I was walking down the road when I saw the accident.” Reported speech:
He told me he’d been walking down the road when he’d seen the accident.
The past continuous usually changes to the past perfect continuous.

Perfect tenses
 Direct speech: “They’ve always been very kind to me”. Reported speech: She said they’d
always been very kind to her.
The present perfect tense (have always been) usually changes to the past perfect tense (had
always been).
  Direct speech: “They had already eaten when I arrived” Reported speech: He said they’d
already eaten when he’d arrived.
The past perfect tense does not change in reported speech.

Report the following sentences, or change into reported speech!

1. Wardah is tired.
2. The managers have a meeting.
3. Balqis went to her grandma’s house.
4. PT. Arifjaya will produce a new product.
5. Dewi has just arrived at campus.
6. Fahmi is selling HP in Glodok.
7. Habib was late to work.
8. Tanty goes to work by Trans Jakarta.
9. You can get a price.
10. They finished studying at 21.00 o’clock.