Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.
Find out more at btsub.sg/promo
[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.