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Indonesia lowers economic growth target to 5.5 percent

The Indonesian government has lowered its economic growth for 2016 to 5.5 – 6 percent, from the previous target of 5.8-6.2 percent.
The Indonesian government has lowered its economic growth for 2016 to5.5 – 6 percent, from the previous target of 5.8-6.2 percent.

FinanceMinister Bambang Brodjonegoro said the adjustment was based on thecountry’s economic prospect next year and the weak economic growthtarget in 2015.

The World Bank (WB) and the InternationalMonetary Fund (IMF) also altered their forecast for the country’seconomic outlook to 4.7 percent in 2015, compared to 5.2 percentpredicted earlier.

The two organisations also estimated theIndonesian economy, which grew 4.7 percent in the first quarter, thelowest since 2009, would remain weak until the end of the year.-VNA

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Permanent Secretary of the Thai Ministry of Commerce, Vuttikrai Leewiraphan. (Photo: thainews.prd.go.th)

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