{
    "success": true,
    "data": {
        "id": 1429397,
        "msgid": "sg-downgrades-ri-growth-1447893297",
        "date": "1999-03-19 00:00:00",
        "title": "SG downgrades RI growth",
        "author": null,
        "source": "DJ",
        "tags": null,
        "topic": null,
        "summary": "SG downgrades RI growth SINGAPORE (Dow Jones): SG Securities, despite seeing \"glimmers of hope\" in Indonesia, has abandoned its earlier forecast that the country's economy could grow this year. In a new report made available Thursday to Dow Jones Newswires, the Singapore-based economic research team of SG said it now expects a change in Indonesian gross domestic product this year of between zero growth to a 2 percent contraction.",
        "content": "<p>SG downgrades RI growth<\/p>\n<p>SINGAPORE (Dow Jones): SG Securities, despite seeing \"glimmers<br>\nof hope\" in Indonesia, has abandoned its earlier forecast that<br>\nthe country's economy could grow this year.<\/p>\n<p>In a new report made available Thursday to Dow Jones<br>\nNewswires, the Singapore-based economic research team of SG said<br>\nit now expects a change in Indonesian gross domestic product this<br>\nyear of between zero growth to a 2 percent contraction.<\/p>\n<p>Earlier, the securities firm had projected that the battered<br>\neconomy could post a GDP growth of 2 percent this year.<\/p>\n<p>The reason for the downgrade is SG's view that \"there will be<br>\nno pick-up in bank lending to the private sector for much of<br>\n1999.\" SG described last Saturday's Indonesian banking reforms,<br>\nincluding the closure of 38 banks, as \"very positive,\" but it<br>\nexpects that lending rates can't drop to below 30 percent per<br>\nyear until the end of this year.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/sg-downgrades-ri-growth-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}