Indonesia central bank lowers GDP forecast for this year and next

25 Aug, 2015

JAKARTA: Bank Indonesia expects economic growth this year to slow to 4.7-5.1 percent from its previous estimate of 5-5.4 percent, central bank governor Agus Martowardojo said on Tuesday.

The central bank also lowered its GDP forecast for next year to 5.3-5.7 percent from 5.4-5.8 percent previously. Southeast Asia's largest economy expanded 4.67 percent in the second quarter from a year earlier, the slowest since 2009.

Copyright Reuters, 2015

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