Indonesia's 2019 GDP growth to be slower than targeted

JAKARTA: Indonesia's economic growth in 2019, is expected to be slower than a 5.3pc target in the state budget due to more sluggish global economic growth, lower trade volume and low commodity prices, the finance minister said on Thursday.

"We will maintain efforts to support economic growth to reach the target," Finance Minister Sri Mulyani Indrawati told lawmakers at a budgetary hearing.

Bank Indonesia Governor Perry Warjiyo estimated GDP growth of 5.1pc this year, near the lower-end of the central bank's 5-5.4pc target.