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Indonesia Growth Lowered

Indonesia Growth LoweredIndonesia Growth Lowered

The Indonesian central bank, Bank Indonesia, has revised down its forecast for Indonesia’s economic growth in 2017 from 5.1-5.5%  to 5-5.4%, because the global economy is not expected to fully recover the next year, AntaraNews reported. “We have to make adjustments by revising down the previous growth forecast, because the world economic growth in 2016 is worse than that of last year,” BI Governor Agus Martowardojo told a press conference on Thursday. Agus has predicted that the global economic condition in 2017 would be affected by the impact of the 2016 economic downturn. This is a challenge that forces BI to continue revising down its growth forecast.

 

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