The government has revised the country\u2019s economic growth projection in the 2016 state budget, indicative of macro
\nassumptions, to between 5.5 and 6 percent from between 5.8 and 6.2 percent previously.<\/p>\n
Finance Minister Bambang Brodjonegoro said that the revision was based on next year\u2019s economic prospects and the weak
\neconomic growth this year.<\/p>\n
Because of a persistent decline in exports, the World Bank and the International Monetary Fund (IMF) had revised down
\ntheir forecasts on Indonesia\u2019s economy to a growth rate of 4.7 percent this year from their previous estimate of 5.2
\npercent.<\/p>\n
The two financial organizations estimated the Indonesian economy, which grew 4.7 percent in the first quarter, the
\nlowest since 2009, would remain weak until the end of the year.<\/p>\n
Bambang is optimistic that Indonesia\u2019s economic growth will reach 6 percent, the upper level of the government\u2019s forecast.<\/p>\n
\u201cThe IMF still predicts that global economic growth will hit 3.8 percent next year. It is better than the current growth
\nthat only hits 3.3 percent and the 2014 growth that revolves at 3.3 to 3.4 percent,\u201d Bambang said<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/govt-revises-down-gdp-growth-forecast",
"image": "graph-down.jpg"
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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