Indonesia's finance minister says GDP to grow 5.2-5.7% this year
[JAKARTA] Indonesia's gross domestic product is likely to grow by between 5.2 to 5.7 per cent in 2015, Finance Minister Bambang Brojonegoro told a conference on Wednesday.
Mr Brojonegoro said that slower growth in China would hinder the economy this year, and that government spending has been weaker than expected.
The official target for growth this year is 5.7 per cent. Last year, Southeast Asia's largest economy grew 5.02 per cent, the slowest pace in five years, amid tumbling prices for coal and other commodities.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Luxury sector outlook clouded by China’s slow recovery
TikTok CEO expects to defeat US restrictions: ‘We aren’t going anywhere’
TikTok artists and advertisers to stay with app until ‘door slams shut’
Biden signs Ukraine aid, TikTok ban Bills after Republican battle
UAE announces US$544 million for rain repairs, says lessons 'learned'
HSBC says growing Chinese wealth fuels client investments in US