Bank Indonesia official sees 2014 full-year GDP growth at 5.1%
[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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Deflation reaches UK stores as non-food prices fall 0.6%
Japan’s March factory output rises 3.8% vs month earlier
Hong Kong vies with US in Bitcoin ETF market after crypto’s revival
More UK companies plan price rises but wage expectations cool: Lloyds
Campaigning EU chief von der Leyen defends record during debate
Israel concerned over possible ICC arrest warrants related to Gaza war