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Indonesia to lower 2016 growth target to 5.1%

Thursday, June 9, 2016 - 05:50
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Indonesia's economy grew a less-than-expected 4.92 per cent last quarter even after the government took steps to open up more to foreign investors, cut red tape and boost spending on infrastructure.

Jakarta

THE Indonesian parliament is set to revise down this year's economic growth target amid slowing domestic consumption and signs that a shortfall in tax revenue will sap public spending.

Ahmadi Noor Supit, head of the house's finance commission, set the forecast at 5.1 per

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