BI lowers Indonesia GDP forecast for 2015 and 2016
Published Tue, Aug 25, 2015 · 10:40 AM
[JAKARTA] Bank Indonesia expects economic growth this year to slow to 4.7-5.1 per cent from its previous estimate of 5-5.4 per cent, central bank governor Agus Martowardojo said on Tuesday.
The central bank also lowered its GDP forecast for next year to 5.3-5.7 percent from 5.4-5.8 percent previously.
Southeast Asia's largest economy expanded 4.67 per cent in the second quarter from a year earlier, the slowest since 2009.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Hong Kong holds rate as Fed signals inflation concerns
Australian business strength is shocking even its biggest lender
South Korea’s factory activity shrinks in April, but optimism about outlook ticks up
US sanctions firms in China, UAE for support of Russia’s war
Japan suspects companies are evading disclosure of cross-shareholdings
Germany hit hard as foreign investment falls in Europe: EY survey