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Bank Indonesia official sees 2014 full-year GDP growth at 5.1%

Thursday, November 6, 2014 - 21:14

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Indonesia's central bank expects the economy to expand 5.1 per cent this year, a senior bank official told Reuters on Thursday.

[JAKARTA] Indonesia's central bank expects the economy to expand 5.1 per cent this year, a senior bank official told Reuters on Thursday.

Juda Agung, Bank Indonesia's executive director of the department of economic and monetary policy, said growth would be weaker than 5.1 per cent if public spending slows in the fourth quarter, given that the government is facing a huge tax revenue shortfall.

Southeast Asia's largest economy grew 5.01 per cent in the third quarter compared to the same period last year, its weakest growth rate since 2009.

Bank Indonesia's outlook for growth this year is 5.1 to 5.5 per cent.

REUTERS

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