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Indonesia central bank sees 2016 economic growth "slightly higher" than 2015

Wednesday, March 23, 2016 - 10:52

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Indonesia's central bank is expecting domestic economic growth to be "slightly higher" in 2016 compared to 4.8 per cent last year, Bank Indonesia Governor Agus Martowardojo said on Wednesday.

[JAKARTA] Indonesia's central bank is expecting domestic economic growth to be "slightly higher" in 2016 compared to 4.8 per cent last year, Bank Indonesia Governor Agus Martowardojo said on Wednesday.

Mr Martowardojo, who was speaking at an economic conference organised by the Asian Development Bank and BI, didn't specify if the central bank is retaining its 5.4 per cent growth forecast for 2016 made in February. "We need a growth strategy to capture domestic potentials. Binding constraints on growth have to be removed," Mr Martowardojo told the conference.

On Tuesday, Mr Martowardojo reiterated that growth in the first quarter would be 5.1 per cent and will pick up stronger on the back of private investment in the second half of the year.

REUTERS

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