World Economy

Indonesia Revises 2015 GDP Growth

Indonesia Revises 2015 GDP GrowthIndonesia Revises 2015 GDP Growth

The Indonesian government and parliament on Monday agreed to rise the forecast of economic growth next year to 5.8% from the initial target of 5.6% with lower state budget deficit, lawmaker said. They also scaled down the forecast of the deficit to 2.21% of GDP in 2015 from the initial forecast of 2.32$, according to Ahmadi N. Supit, chairman of the House of Representative’s Budget Committee, Xinhua reported. Both government and parliament agreed to cut inflation forecast to 4.4% from 4.6%, he said at the parliament. Indonesia’s economy is expected to expand at 5.2-5.3% this year, after growing by 5.78% last year, 6.2% in 2012, 6.5% in 2011 and 6.2% in 2010.